On-chain data suggests the Bitcoin price found its bottom following the recent crash around this important investor cost basis level. Bitcoin Found Its Bottom Near Active Investor’s Cost Basis According to the latest weekly report from Glassnode, Bitcoin formed its recent bottom near the cost basis of the “active investors.” To understand what this level represents, two other indicators need to be looked at first: the Realized Price and the Liveliness. Related Reading: Bitcoin ETFs Are “Important, But Not The Drivers,” On-Chain Analyst Argues The Realized Price refers to the cost basis or acquisition price of the average investor on the BTC network. The metric determines this by going through the transaction history of each token in circulation to find what price it was last moved at. It then works with the assumption that this previous transfer was the last time that the coin changed hands and so, takes the price at its time to be its current cost basis. Finally, it averages this value out for the entire supply, producing a price that’s often cons ..
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