BTC price returns key profit mark to Bitcoin exchange users at $34.7K
Cointelegraph
21 Nov 2023 3:07 PM
Bitcoin realized price data shows new records appearing as BTC price profitability crosses a key level....
- On-chain analytics firm Glassnode confirms that Bitcoin (BTC) bought on exchanges since 2017 is now on average in profit.
- The magic number for turning a profit on investment is $34,700, according to Glassnode.
- Bitcoin's current prices are impacting buyers who entered the market earlier.
- The average withdrawal price for Bitcoin investors across all yearly classes is now in profit.
- $39,000 is an important profitability mark for 2021 bull market buyers.
- The total Bitcoin realized price and short-term holders' (STH) realized price have reached new all-time highs.
The sentiment of the article is generally positive, as it highlights that Bitcoin buyers are now on average in profit and that the total realized price of Bitcoin has reached new highs.
You May Ask
Is Bitcoin bought on exchanges since 2017 now in profit?What is the magic number for turning a profit on Bitcoin investment?How are current prices impacting BTC buyers who entered the market earlier?What is the important profitability mark for 2021 bull market buyers?What is the total realized price of Bitcoin and how does it compare to the acquisition cost for short-term holders?