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You can monitor the average price at which coins are withdrawn from all exchanges as a tool for estimating the overall market cost base.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.
