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Glassnode: Fish group holding 10-100 BTC has achieved the lowest price, only $15,630

Glassnode: Fish group holding 10-100 BTC has achieved the lowest price, only $15,630

2024/04/17 14:17
BTC+1.05%

According to Mars Finance news, market data shows that the realized price of OG Bitcoin holders (or Fish) currently holding 10-100 BTC is the lowest among all types of Bitcoin holding groups, only $15,630, which is far lower than Whales ($35,290).

Note: Realized Price is used to represent the average price of all circulating BTC when it last moved, and can be understood as the average exchange price of all circulating BTC. This does not necessarily correspond to current market prices but reflects average acquisition costs over time.

Additionally, Fish's buy price points have historically been consistent with market bottoms (2011, 2014, 2018). The data also shows that Fish addresses increase during bear markets and decrease during bull markets.

For example, the number of addresses in this category began to decline in October 2023 and continued to decrease in 2024. The realized price of Fish’s Bitcoin holdings has risen this year from $13,282 at the beginning of the year to $15,630, an increase of approximately 17.7%, while Bitcoin has risen 41% over the same period. This indicates that some Fish addresses are making profits while others are being upgraded to Sharks (addresses holding 100-1000 BTC).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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