Bitcoin is now above the realized price on all major exchanges

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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You can monitor the average price at which coins are withdrawn from all exchanges as a tool for estimating the overall market cost base. This chart looks at the average withdrawal price by balance for a cohort withdrawing from the largest exchanges.

quick take

• Bitcoin has now broken through $24,000, surpassing realized prices on all major exchanges.
• During the 2019 and 2020 bear markets, Bitcoin’s price passed all exchanges’ realized prices.
• However, during the 2022 bear market, Bitcoin’s price briefly fell below all exchanges’ realized prices.

Exchange average withdrawal price per exchange;

• Bitfinex: $10,595
• All Exchanges: $16,816
• Binance: $21,362
• Coinbase: $21,046

The post that Bitcoin is currently above the realization price of all major exchanges first appeared on CryptoSlate.