This article explores the significance of Bitcoin's realized price per year as a crucial support level for the cryptocurrency. It examines historical trends, recent market fluctuations, and expert analysis to shed light on the potential implications of bitcoin trading below this support level.
Bitcoin, a leading cryptocurrency, has historically found strong support at its realized price per year. This metric, reflecting the average price at which bitcoins are withdrawn from exchanges, stands at $100,356 for 2025. Currently, bitcoin trades around $98,000, just shy of this support level . Concerns arise when bitcoin dips below this average withdrawal price for an extended period. Such sustained declines can trigger further selling pressure and exacerbate downward price movements.
However, history suggests that bitcoin often rebounds quickly from these dips, reclaiming the support level swiftly. Notably, in 2024, bitcoin repeatedly tested its average withdrawal price near $60,000, briefly falling to $49,000 in August during a yen carry trade unwind. Yet, it managed to regain the support level within a few days. Similarly, in 2023, the realized price acted as a crucial support, holding strong during the Silicon Valley Bank collapse in March (around $20,000) and again in September, preceding bitcoin's Q4 rally.According to Glassnode data, over 2.6 million BTC are currently held at a loss, one of the highest figures this year. The longer bitcoin sustains a price below the 2025 average, the greater the possibility of further declines. James Van Straten, a Senior Analyst at CoinDesk specializing in Bitcoin and its macroeconomic implications, emphasizes the significance of this support level. His expertise encompasses on-chain analytics, gleaned from his previous role as a Research Analyst at Saidler & Co., a Swiss hedge fund. He actively monitors Bitcoin's role within the broader financial system through flow analysis. Beyond his professional engagements, Van Straten serves as an advisor to Coinsilium, a UK publicly traded company, providing guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
BITCOIN REALIZED PRICE SUPPORT LEVEL CRYPTOCURRENCY MARKET ON-CHAIN ANALYTICS
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