Cryptocurrency

In the past two bear markets, Bitcoin has used the realized price by year as support

meaning

You can monitor the average price at which coins are withdrawn from all exchanges as a tool for estimating the overall market cost base. In this chart, we consider the average withdrawal price for cohorts established by date, starting on his January 1st for the following cohorts.

  • total
  • ๐Ÿ”˜ 2017+
  • ๐Ÿ”ต 2018+
  • ๐ŸŸข 2019+
  • ๐ŸŸก 2020 and beyond
  • ๐ŸŸ  2021 onwards
  • ๐Ÿ”ด 2022 onwards

quick take

  • The Last Two Bear Markets โ€” 2019 and 2022 โ€” Bitcoin (BTC) uses yearly realized prices as support.

Current RP by year:

  • 2017: $15,189
  • 2018: $18,635
  • 2019: $21,831
  • 2020: $26,464
  • 2021: $36,897
  • 2022: $26,391
  • 2023: $21,310
  • Total: $11,090

As an aggregate basis, 2020, 2021 and 2022 buyers are submerged.

Average withdrawal price on the exchange: (Source: Glassnode)
Average withdrawal price on the exchange: (Source: Glassnode)

During the last two bear markets, Bitcoin used yearly realized prices as support first appeared on CryptoSlate.

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