Summary
- Last year's Bitcoin buyers reportedly recorded an average unrealized profit rate of 40%.
- The average realized price of Bitcoin is approximately $65,901, which could form a strong support line.
- It was reported that Bitcoin needs to drop about 31% to reach the average realized price.
It has been reported that investors who purchased Bitcoin (BTC) last year have recorded an average unrealized profit rate of 40%.
On the 2nd (local time), CoinDesk cited CoinGlass data, stating, "The average unrealized profit rate for investors who bought Bitcoin last year is 40%," and "their average realized price (on-chain acquisition price) is $65,901." It continued, "Historically, the average realized price forms a strong support," and "Bitcoin needs to drop about 31% to reach the average realized price."
Meanwhile, the average realized price for investors who invested in Bitcoin this year is $95,500.
As of 9:39 PM, Bitcoin is trading at $96,806 on the Binance USDT market, down 0.12% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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