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Bitcoin’s all-time high creates historic $54K price margin over average realized price

Tags: new
DATE POSTED:November 12, 2024

Bitcoin reached a new all-time high of $89,900 today before retracing to $87,983.96. According to CryptoQuant, the average realized price has also risen to $33,836.61, an increase of $210.00 or 0.62%.

 CryptoQuant)Bitcoin realized price (Source: CryptoQuant)

Analysis of unspent transaction outputs (UTXOs) shows shifts among short-term and long-term holders. UTXOs aged between one day and one week, representing short-term holders, have a realized price of $75,300.91, up $1,061.07 or 1.43%. This indicates recent buyers are acquiring Bitcoin at higher price levels. In contrast, UTXOs aged between six months and 12 months, associated with long-term holders, show a realized price of $57,272.50, a modest increase of $56.81 or 0.10%.

These movements suggest that short-term investors are in profit by up to $12,000 within a weak market. Long-term holders maintain steady profits with purchases from six months to 12 months old in profit by up to $30,000.

The average realized price is now $54,000 below the current price, the widest dollar margin in Bitcoin’s history.

The post Bitcoin’s all-time high creates historic $54K price margin over average realized price appeared first on CryptoSlate.

Tags: new