emre yumlu 
The average price paid by cryptocurrency investors for Bitcoin in 2024 has been revealed! So, what is the average price?
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.
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