Bitcoin is now above the realized price of every year other than 2021

exchange68September 13, 2024

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Definition

We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate a market-wide cost basis. In this chart, we consider the average withdrawal prices for cohorts established by date, starting on the 1-Jan for the following cohorts:

Quick Take

Bitcoin is now above the realized price of every year other than 2021. Investors, for the past few years, are sitting on some profits, which is encouraging for participants.

All-time: $11,173
2017+: $15,267
2018+: $18,698
2019+: $21,863
2020+: $26,413
2021+: $36,465
2022+: $26,225
2023+: $22,394

Exchange Withdrawal Price: (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.

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