BTC price returns key profit mark to Bitcoin exchange users at $34.7K
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.