Bitcoin Short-Term Holder Realized Price Is Currently Around $53,200
As pointed out by CryptoQuant Netherlands community manager Maartunn in a on X, BTC still has a decent margin over the realized price of the short-term holders.The “realized price” is an on-chain metric that keeps track of the average price at which the Bitcoin investors acquired their coins. The indicator calculates this value by going through the transaction history of each coin and assuming that the last transfer of it was the last time it was purchased (that is, the price at the time is its current cost basis).
In the context of the current discussion, the realized price for only a particular segment of the investors is of interest: the “short-term holders” (STHs). The STHs include all the investors who bought their coins within the past 155 days.
Now, here is a chart that shows the trend in the Bitcoin realized price specifically for this cohort:Looks like the value of the metric has been trending up recently | Source:As displayed in the above graph, the Bitcoin STH realized price has shot up recently as the price of the asset has gone up. This makes sense, as this group includes the most recent buyers, who would continuously be buying at higher prices in an uptrend, thus raising their average cost basis. At present, this cohort’s realized price is about $53,200. During the past day, BTC has seen a sharp drop that has taken its price below the $68,000 mark, but clearly, the STHs would still be in high profits even after this drawdown.
BTC Price
Following its 7% drop in the past day, Bitcoin is trading at around $67,700.The price of the coin has registered a sharp drop over the last 24 hours | Source: