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“Bitcoin Breaks Through Realized Price on Major Exchanges”

Posted on February 18, 2023 by Jessica Tan

We can use the average price at which coins are taken out of all exchanges as an indicator to gauge the market-wide cost basis. This chart examines the average withdrawal prices of the biggest exchanges by balance.

Quick Take:
– Bitcoin is beyond the realized price on all major exchanges, as it surpasses $24,000.
– During the 2019 and 2020 bear markets, the Bitcoin price surpassed the all-exchanges realized price.
– However, during the 2022 bear market, the Bitcoin price briefly went below the realized price of all exchanges.

The exchange average withdrawal price by exchange:
– Bitfinex: $10,595
– All exchanges: $16,816
– Binance: $21,362
– Coinbase: $21,046

An article titled “Bitcoin is now above the realized price on all major exchanges” was published on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-is-now-above-the-realized-price-on-all-major-exchanges/

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Jessica Tan

Jess Tan is an experienced journalist and writer who specializes in covering the rapidly-evolving world of cryptocurrency and blockchain technology. With a background in financial journalism, Jess brings a unique perspective to their reporting, providing readers with in-depth analysis and insights into the latest developments in the crypto industry. As a crypto news writer, Jess is committed to staying up-to-date on the latest trends and advancements in blockchain technology and cryptocurrency. They have a keen eye for spotting emerging trends and opportunities in the crypto market, and are skilled at distilling complex technical concepts into easy-to-understand language for a general audience. With years of experience covering the crypto beat, Jess has built a strong network of contacts and sources within the industry. They are a regular contributor to leading crypto publications, including CoinDesk, Cointelegraph, and CryptoSlate, and have been recognized for their outstanding reporting on blockchain technology and its impact on the wider world. Whether covering breaking news, in-depth analysis, or human-interest stories within the crypto community, Jess is dedicated to delivering accurate, informative, and engaging content that helps readers stay informed about this rapidly-evolving industry.