Quick Take
Recent CryptoSlate analysis revealed a significant shift in the crypto market sentiment influenced by profitable Bitcoin withdrawals from exchanges.
The average withdrawal prices for cohorts categorized by date paint an intriguing picture of the market-wide cost basis. The all-time average withdrawal price stands at $12,003, escalating gradually with every passing year and reaching $34,706 in 2021. A noteworthy observation is this is the first instance since October 2021 that all yearly cohorts have been in profit.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased