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Bitcoin’s realized price surpasses $30,000 Bitcoin’s realized price surpasses $30,000

Bitcoin’s realized price surpasses $30,000

Data via Glassnode

Active short-term holders push Bitcoin's realized price to unprecedented $30,000 level.

Onchain Highlights

DEFINITION: Realized Price is the Realized Cap divided by the current supply.

Bitcoin’s realized price has reached new heights, breaking $30,000, driven by significant market activity and investor confidence. Bitcoin’s realized price indicates the average price at which all Bitcoin currently in circulation was last moved.

Realized Price: (Source: Glassnode)
Realized Price: (Source: Glassnode)

In April, the realized price for short-term holders (STH) surged to over $57,547, marking a significant rise and reflecting the bullish sentiment among recent investors. This metric is crucial as it represents the ‘on-chain cost basis’ for coins moved within the last 155 days, showcasing how short-term holders are influencing the market by actively accumulating Bitcoin.

The divergence between short-term and long-term holder realized prices is also notable, with long-term holders (LTH) maintaining a lower average acquisition cost.ย This trend highlights the distinct strategies and market impacts of different investor cohorts.

Realized Price: (Source: Glassnode)
Realized Price: (Source: Glassnode)

Overall, the upward momentum in Bitcoin’s realized price illustrates a robust market environment post-halving, with short-term holders playing a pivotal role in sustaining higher support levels for Bitcoin.