Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>Bitcoin’s <a href="https://cryptoslate.com/insights/next-cycles-hypothetical-36k-bitcoin-bottom-exploring-historical-data-to-project-future-benchmarks/">realized price</a>, representing the aggregate on-chain acquisition cost, has hit its yearly high of $20,926. Concurrently, the short-term holder realized price – an indicator for coins outside exchange reserves moved within the last 155 days – has likewise achieved a yearly peak of $30,462. This ascension emphasizes an increased probability of these coins being spent on a given day and signifies the influx of new investors, with a remarkable 3% surge being the highest since May 2023.</p> 
<p>In stark contrast, the long-term holder realized price, showcasing the on-chain acquisition cost for coins held beyond 155 days, continues to decline, now at $20,716. Nevertheless, with Bitcoin’s price still soaring over $37,000, CryptoSlate’s analysis suggests the four-year cycle could remain intact.</p> 
<figure id="attachment_375264" aria-describedby="caption-attachment-375264" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-375264 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/st-2.png" alt="Long/short term on-chain cost basis: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/st-2.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/11/st-2-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/st-2-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/st-2-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/11/st-2-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px">
 <figcaption id="caption-attachment-375264" class="wp-caption-text">
  Long/short-term on-chain cost basis: (Source: Glassnode)
 </figcaption>
</figure> 
<p>The post <a href="https://cryptoslate.com/insights/bitcoin-reaches-peak-realized-price-for-short-term-holders-as-new-investor-activity-surges/">Bitcoin reaches peak realized price for short-term holders as new investor activity surges</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin reaches peak realized price for short-term holders as new investor activity surges

Table of Contents

CryptoSlate

Other articles published on Nov 20, 2023

Spanish Banking Giant Launches Bitcoin and Ethereum Services for Customers!

Crypto Chronicles: Today’s major headlines in a nutshell

Binance CEO CZ Joins Bitcoin Community’s Excitement with Halving Share!

Stock-to-flow mastermind PlanB outlines key Bitcoin price levels before halving

Aptos Labs Taps Ready Games to Onboard 15M Web2 Gamers to Its Ecosystem

Patricia customers lament company’s failure to commence payment on November 20 as promised

Join our free newsletter for daily crypto updates!