A recent market breakdown compares current prices of major cryptocurrencies to the cost basis of euphoric buyers from December 2024 to January 2025 — a critical period of aggressive accumulation.
The results offer a sobering view of mid-term market sentiment and highlight pockets of pain and resilience.
Snapshot of Buyer Sentiment:
Solana (SOL)
- Current Price: $146
- Average Cost Basis: Higher
- Pain Level: 28% in the red
XRP
- Current Price: $2.14
- Only crypto in profit: +11% gain
- Sentiment: Optimistic and resilient
Ethereum (ETH)
- Current Price: ~$1,800
- Pain Level: 36% loss
- Reflects deeper bearish positioning among recent buyers
Bitcoin (BTC)
- Current Price: ~$95K
- Slight dip below euphoric buyers’ cost basis
- Pain Level: -1%, marginal pressure
What This Means
The charts (by Glassnode) show realized prices by age cohort. Most coins are currently trading below the 3-to-6-month holders’ cost basis, which suggests that many recent buyers are underwater.
Historically, price consolidation below these mid-term realized prices is viewed as a sign of market fragility and selling pressure. This situation can trigger deeper corrections unless buyers return with conviction.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/whos-winning-xrp-shines-while-sol-eth-holders-bleed/