Bitcoin (BTC) more than doubled its value throughout 2024, attracting significant attention. However, investors who purchased BTC last year have achieved an average of 40% unrealized gains, according to the “realized price” metric.

The realized price is calculated as the average of the prices at which all BTC last moved on-chain. Since Bitcoin’s inception in 2009, the historical average of this value has been around $41,000, while for BTC purchased in 2024, this figure reached $65,901 by the end of the year.

By December 31, 2024, Bitcoin’s market price was approximately $93,000. This indicates that investors who bought BTC last year are sitting on substantial unrealized profits.

Realized Price of Bitcoin: Critical Levels for 2024 and Their Impact on 2025

The realized price is a critical indicator used to understand individual BTC holders’ cost basis and overall profit or loss. For buyers in 2024, Bitcoin’s value needs to drop by approximately 31% for their investments to reach the break-even point.

This metric gained additional importance, especially with the launch of spot BTC ETFs in the U.S. on January 11, 2024.

The ETF launch aligned many investors’ cost basis with the prices at that time.

Historical data shows that when Bitcoin’s market price falls below the realized price, it typically signals local market bottoms. This was observed several times following the ETF launch in January 2024 and again mid-year, making the realized price a key metric for market participants.

As we enter 2025, the average cost basis for BTC buyers has risen to approximately $95,500, positioning this level as a new reference point.

This level has become a significant reference point for both new investors and existing market participants. As in the past, the realized price metric continues to be a crucial indicator for determining market trends and potential bottom levels in the future.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Average Price Investors Paid for Bitcoin in 2024 Revealed! appeared first on Coin Engineer.

You might like: What is SatoshiVM, the BTC-Burning Layer 2? Airdrop Possibility!

Nasdaq filed a rule change application to list and trade options on BlackRock’s iShares Bitcoin Trust.

Cboe applied for trading options on “Bitcoin-Holding ETPs.” The company has launched six of the 10 BTC ETFs recently approved by the SEC.

BTC ETFs began trading on Nasdaq and Cboe on January 11, after receiving approval from the SEC.

Cboe Executive Vice President Catherine Clay said in a statement on January 18 that the exchange was seeing “good inflows” into BTC ETFs, and that this was continuing to track the BTC price “as expected.”

Clay characterized options as “the next logical step in BTC ETFs.” She said that BTC ETF options trading would add value and risk-mitigation to the products. Nasdaq also said in its filing that options would offer “cost efficiency and enhanced hedging strategies.”

VettaFi analyst spoke (Nasdaq)

Options are a derivative that gives the owner the right to buy an asset at a predetermined time, at a specified price. VettaFi analyst Dave Nadig told CNBC on January 17:

“I think you’re going to start to see all sorts of hedge fund players in the ETF options space. People who traditionally haven’t been speculating directly on crypto in the crypto ecosystem will now have something to play with.”

Clay said that Cboe filed for permission to list options “last week.” She also said, “We’re really in that wait-and-see mode to see what the regulators are going to do with our applications and the other exchanges’ applications. It’s really hard to know if we’re going to get approval.”

The post Nasdaq and Cboe Prepare for BTC ETF Options Trading appeared first on Coin Engineer.