The average withdrawal price of bitcoin (BTC) from exchanges in 2025 currently stands at $100,356. At present, bitcoin is trading just below this level, hovering around $98,000.
The concern arises when bitcoin falls below the average withdrawal price for a sustained period of time, as this can often trigger continued selling and more downward price pressure. Historically, this metric has served as a strong support level for bitcoin.
Busting below this support, however, does not necessarily indicate a bear market or sustained declines, as bitcoin historically reclaims this price level quickly.
In 2024, for example, bitcoin repeatedly tested its average withdrawal price just below $60,000. The price indeed did briefly dip below this level multiple times, most notably in August during the yen carry trade unwind when it fell to $49,000. The price, though, managed to reclaim the support level within a few days.
Similarly, in 2023, the realized price provided key support on multiple occasions, including during the Silicon Valley Bank collapse in March ($20,000) and again in September, just before bitcoin’s Q4 rally.
According to Glassnode data, over 2.6 million BTC are sitting at a loss, one of the highest amounts this year. The longer it sustains a price below the 2025 average, the greater the chance further declines could be in order.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Twitter (or Bitcoin X) is having a moment after a 13F filing by Goldman…
After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge…
In El Salvador, about two hours away from the capital, up in the mountains, lies…
Bitcoin has experienced a challenging period recently, with its price consistently declining over the past…
U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The…
World Liberty Financial (WLFI), a crypto project Trump has financial interests in, has launched a…