Insights

Behavioural shift as Bitcoin holders in aggregate no longer underwater

exchange68September 13, 2024

0 1 1 minute read

Definition

Realized Price reflectes the aggregate price when each coin was last spent on-chain. Using Short- and Long-Term Holder cohorts, we can calculate the realized price to reflect the aggregate cost basis for each group.

Quick Take

Bitcoin has reclaimed multiple costs basis, short and long-term holder cost basis, and realized price.
Bitcoin has reclaimed its short-term holder costs basis ($18,900).
Bitcoin has also reclaimed its long-term holder cost basis ($22,300).
In addition, to reclaiming the realized price ($19,777).
This specific event has occurred three times in Bitcoin history.

Bitcoin, cost basis: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.