“The average realized price of 2024 buyers in bitcoin was $65,901.”, — write: www.coindesk.com
The realized price is the average value of all bitcoin calculated at the price at which the tokens last moved on-chain. While that value is around $41,000 for BTC since its inception in 2009, for coins bought last year it was around $65,901 by Dec. 31. With the market price closing around $93,000, 2024’s buyers were, on average, looking at unrealized profit of around 40%.
Monitoring the realized price is important to understanding individual participants’ overall profit or loss and cost basis. It means bitcoin would have to slump some 31% for last year’s investors to return to break-even price levels. The U.S. spot-listed exchange-traded funds (ETFs) debuted on Jan. 11, close enough to the start of the year that this is a good approximation of their cost basis.
As we enter 2025, the average cost basis is around $95,500, which puts the buyer at a slight profit as we start the year. As of press time, bitcoin is trading at over $96,000.
In addition, historically, the realized price offers a great support level for bitcoin in bear markets and rarely trades below it.
BTC Realized Price : (Glassnode)
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