Bitcoin (BTC) It has more than doubled in value through 2024, but investors who bought BTC last year received an average unrealized gain of 40% based on the “realized price” measure.
The realized price is calculated by averaging the value of all Bitcoin at the price it last moved on the chain. While the historical price of BTC since its inception in 2009 was approximately $41,000, this figure reached $65,901 by the end of the year for coins purchased in 2024. With Bitcoin’s market price closing at around $93,000 on December 31, last year’s buyers were sitting on a significant amount of unrealized profit on average.
The realized price serves as a benchmark to understand the cost basis and overall profits or losses of individual bitcoin participants. For 2024 buyers, Bitcoin would need to fall roughly 31% to reach its average breakeven price. This metric has also gained importance due to the launch of spot-listed Bitcoin exchange-traded funds (ETFs) in the US on January 11, 2024, aligning closely with the beginning-of-year cost basis for many investors.
Historically, a drop in Bitcoin price below the realized price usually indicates local market bottoms. This was observed several times in January 2024, shortly after the ETF launch, and again in mid-year, making the realized price a critical indicator for investors.
As 2025 begins, the average cost basis for Bitcoin buyers has risen to approximately $95,500.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/2024-yilinda-tum-yatirimcilarin-ortalama-kac-dolardan-bitcoin-satin-aldigi-ortaya-cikti-kritik-seviye-rolu-gorebilir/
