2019 Bitcoin investors back in profit above $21.8k
Buyers who bought Bitcoin in 2019 are again in revenue, in accordance with knowledge analyzed by Glassnode and CryptoSlate. The typical acquisition value could be derived by monitoring trade knowledge and aligning the value of Bitcoin with the time of withdrawals.
The under chart illustrates the typical acquisition value of Bitcoin since its inception.
Curiously, the typical historic value isn’t constant throughout exchanges. The typical value for all exchanges sits round $16.7k, whereas Coinbase and Binance are round $21k. With Bitcoin’s value properly above $23.5k, all exchanges are, on common, in revenue. The broader market could welcome such knowledge because it signifies market stress has been diminished.
Notably, Bitfinex buyers have a significantly decrease common withdrawal value of round $11,000. Provided that Bitcoin has been above $11,000 since October 2020, such a low value makes it a substantial outlier.