2019 Bitcoin investors back in profit above $21.8k

Traders who bought Bitcoin in 2019 are again in revenue, in response to information analyzed by Glassnode and CryptoSlate. The typical acquisition worth could be derived by monitoring alternate information and aligning the worth of Bitcoin with the time of withdrawals.

The under chart illustrates the common acquisition worth of Bitcoin since its inception.

bitcoin withdrawal price
Bitcoin common withdrawal worth

Curiously, the common historic worth shouldn’t be constant throughout exchanges. The typical worth for all exchanges sits round $16.7k, whereas Coinbase and Binance are round $21k. With Bitcoin’s worth nicely above $23.5k, all exchanges are, on common, in revenue. The broader market might welcome such information because it signifies market stress has been diminished.

exchange average price
Bitcoin alternate common worth

Notably, Bitfinex traders have a significantly decrease common withdrawal worth of round $11,000. Provided that Bitcoin has been above $11,000 since October 2020, such a low worth makes it a substantial outlier.

The put up 2019 Bitcoin traders again in revenue above $21.8k appeared first on CryptoSlate.

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