Bitcoin Diamond Hands Holding Since 2021 Bull Run Are Close To Break-Even
New data on Bitcoin’s on-chain activity reveals that traders who bought during the 2021 bull run are now approaching their break-even point, thanks to the recent surge in prices. The indicator being used to track this is called the “Realized Price,” which shows the average price at which investors acquired their Bitcoin.
If the spot price of Bitcoin is higher than the Realized Price, it means that holders are making a profit. Conversely, if the spot price is lower, it indicates a market loss. When these two prices are equal, it suggests that holders are breaking even.
In this case, we are specifically looking at Bitcoin holders from the 2- to 3-year-old UTXO Age Band, which corresponds to those who bought during the 2021 bull run. Recent data shows that the Realized Price for this group has been around $49,340. At the time of analysis, BTC was trading at $48,300, indicating that these investors were close to breaking even.
However, since then, Bitcoin’s price has surged past this level and briefly touched $50,000 for the first time since December 2021. This suggests that those who held on through the bear market after the bull run are finally seeing some returns on their investment.
BTC Price
Bitcoin’s recent surge in price has led it to briefly reach $50,000. This marks a significant milestone for the cryptocurrency and its investors.
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