#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, known as realized price, refers to the average value of all Bitcoins, calculated based on the price at which they last moved on-chain. This means Bitcoin would have to drop by about 31% for last year's investors to return to a break-even price level. Monitoring realized price is crucial for understanding the overall profit and loss and cost basis of individual participants. When Bitcoin's price falls below the average buy-in price of 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. Bitcoin is currently trading around $96,000 at the time of writing.