Bitcoin realized prices by cohort indicate DCA strategies in progress 
Quick Take
Bitcoin’s consolidation at the $30,000 mark does not put many investor cohorts in a loss situation, as the dollar-cost averaging (DCA) strategy continues to be implemented.
Dollar-cost averaging is the concept of purchasing an asset on a regular basis without prejudice to the market value at the time of the trade. Dollar-cost average strategies look to reduce risk and gain exposure to an asset over time instead of attempting to time the market.
Investors who entered the market in 2021 faced a high-cost basis of $48,000. However, after two and a half years of consistent buying, these investors have managed to reduce their cost basis down to $35,500.
While all other cohorts are currently in profit.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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