Bitcoin Investors Break Even as Price Returns to $34K
-
Bitcoin bought on exchanges since 2017 is now on average profitable as price returns to $34.7K.
-
According to Glassnode data, $34,700 is the break-even point for Bitcoin withdrawn from exchanges each year since 2017.
-
Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month.
-
The average withdrawal price for all yearly Bitcoin investor classes is now in profit.
-
New all-time highs have been reached for total Bitcoin realized price and short-term holder realized price, signaling increased new investor inflow.