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According to a research from Blockware Intelligence, the aggregate cost-basis of the market (realized price) sits at $20,200. Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the 'average cost basis' at which all bitcoins were purchased.
For coins haven't moved in 3-5 years and 5-7 years, the average cost-basis for both of these cohorts is $7,000. This shows that for those that have held onto their Bitcoin for at least a cycle are up significantly.
For younger cohorts, the cost-basis are as follows:
- 1 month to 3 months: $29,543
- 3 months to 6 months: $27,757
- 6 months to 1 year: $19,432
- 1 year to 2 years: $37,519
- 2 years to 3 years: $39,561
The younger coins (those moved within the past six months) are going to be the most reactionary to their cost-basises. BTC may face some headwinds at the $29,500 and $27,700 realized price levels.
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