According to COINOTAG News dated January 3, 2024, the mean acquisition cost for Bitcoin holders during 2024 reached $65,901. By year-end, Bitcoin’s market price had surged to $93,000, yielding an average unrealized profit margin of approximately 40% for investors. Typically, when Bitcoin’s market price descends below the previously established average purchase price, it denotes a potential local price bottom. This phenomenon was notably observed in January 2024 post-ETF launch, as well as several instances throughout mid-2024. Astute traders should focus on tracking the average user cost to enhance profitability. Entering 2025, the prevailing average Bitcoin purchase price escalated to around $95,500. At the start of this year, buyers enjoyed modest gains, while current valuations place Bitcoin at approximately $96,000, indicating a steady upward trajectory in the market.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-insights-analyzing-2024s-average-purchase-price-and-profit-trends/