2023-2-18 01:11 |
Definition
We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate a market-wide cost basis. In this chart, we consider the average withdrawal prices for cohorts withdrawing from the largest exchanges by balance.
Quick Take Bitcoin is now above the realized price on all major exchanges, as it breaks through $24,000. During the 2019 and 2020 bear markets, the Bitcoin price went through all-exchanges realized price. However, during the 2022 bear market, the Bitcoin price briefly went below the realized price of all exchanges.The exchange average withdrawal price by exchange;
Bitfinex: $10,595 All exchanges: $16,816 Binance: $21,362 Coinbase: $21,046 Exchange withdrawal price: (Source: Glassnode) Exchange withdrawal price: (Source: Glassnode)The post Bitcoin is now above the realized price on all major exchanges appeared first on CryptoSlate.
Similar to Notcoin - Blum - Airdrops In 2024