#Bitcoin buyers are averaging a 40% profit.#

According to CoinDesk, the average buy-in price for Bitcoin buyers in 2024 was $65,901. With the market price closing around $93,000 on December 31st, the average unrealized profit margin for 2024 buyers was approximately 40%. This metric is known as the "realized price," which reflects the average value of all Bitcoins, calculated using the price at which the tokens last moved on-chain. Monitoring the realized price is crucial for understanding the overall profit and loss and cost basis of individual participants. When the Bitcoin price falls below the average buy-in price from a previous period, it often signals a local price bottom. This occurred once in January 2024 after the ETF launch and several times throughout the year. Monitoring the average cost of the cohort is a profitable trading strategy. Entering 2025, the average cost of Bitcoin is around $95,500, with buyers seeing a slight profit at the beginning of the year. As of press time, Bitcoin is trading around $96,000.