Since January 2017, Whales Bought BTC at an Average Price of $15,800 (Analysis)

By akohad Oct6,2022


Bitcoin’s price appears to be stuck in a relatively wide range between $18,000 and $24,000 for the past couple of months, and it’s unable to escape.

Meanwhile, data from the popular cryptocurrency analytics resource, Glassnode, revealed the average price that whales have been accumulating since January 2017.

  • According to Glassnode, Bitcoin whales bought Bitcoin at an average price of about $15,800 for the period between now and January 2017.
  • To be precise, these are wallets that have more than 1,000 BTC.

If we assess Bitcoin volumes flowing in and out of exchanges by Whale sized entities (>1K BTC), we can estiamte their cost basis (Realized Price).

The average price of Whale Deposits/Withdrawals since Jan-2017 is currently around $15.8K.

Source: Glassnode



Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


Source link

By akohad

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *