Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Onchain cost basis information indicates that $60,000 serves as a vital support level, with a more profound historical support situated around $54,000.
Realized Price (Checkonchain)
Key Points:
- Bitcoin has recently maintained the 2023 realized price around $63,700 as a support level, reflecting similar patterns witnessed during various corrections throughout 2023.
- The overall realized price is approximately $54,300, a threshold typically crossed in bear markets, positioning it as the next significant support if $60,000 does not hold.
Bitcoin has recently found backing at an essential onchain metric — the average realized price for a specific year — specifically the cost basis for 2023.
Related Posts
The current average realized price for 2023 is around $63,700. During the local low in early February, when bitcoin fell nearly 50% from its all-time high in October to about $60,000, the price effectively tested and maintained this level as support.
This behavior is reminiscent of the previous cycle. In early 2023, as the bullish trend commenced, bitcoin underwent several minor corrections and consistently utilized the 2023 realized price as support. This pattern was evident in March, July, and September 2023, when prices consolidated within the $20,000 to $26,000 range.
Examining newer cohorts, the average realized price for 2026 began the year near $90,000 and has since decreased to about $77,000. With bitcoin trading just above $70,000, those who bought in 2026 are at a loss. Importantly, this group’s cost basis has dipped below that of the 2024 cohort at $81,500 and the 2025 cohort at $96,400.
Taking a broader perspective, the aggregated realized price, which signifies the average cost basis of all coins in circulation, is currently around $54,360. Historically, bitcoin has traded beneath this level during every major bear market, including those in 2011, 2015, 2019, and 2022.
Thus far in this cycle, bitcoin’s lowest price has hovered around $60,000. Should this level fail, it will become the next crucial support to monitor, with the realized price at $54,000 serving as a deeper historical support.
Realized Price (Glassnode)
