Previously two bear markets, Bitcoin has used the realized value by yr as help

by Jeremy

Definition

We will monitor the common value at which cash are withdrawn from all exchanges as a instrument to estimate a market-wide value foundation. On this chart, we take into account the common withdrawal costs for cohorts established by date, beginning on the 1-Jan for the next cohorts:

  • 🟣 All-time
  • 🔘 2017+
  • 🔵 2018+
  • 🟢 2019+
  • 🟡 2020+
  • 🟠 2021+
  • 🔴 2022+

Fast Take

  • Previously two bear markets — 2019 and 2022 — Bitcoin (BTC) has used the realized value by yr as help.

The present RP by yr:

  • 2017: $15,189
  • 2018: $18,635
  • 2019: $21,831
  • 2020: $26,464
  • 2021: $36,897
  • 2022: $26,391
  • 2023: $21,310
  • All-Time: $11,090

As an combination foundation, 2020, 2021, and 2022 consumers are underwater.

Exchange average withdrawal price: (Source: Glassnode)
Change common withdrawal value: (Supply: Glassnode)

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