Definition
We may monitor the average price at which coins are delisted from all exchanges as a tool for estimating market-wide cost basis. In this chart, we consider average withdrawal prices for peers withdrawing from the largest exchanges by balance.
Quick Take: Bitcoin is now trading above realized prices on all major exchanges as it breaks above $24,000. During the bear markets of 2019 and 2020, the price of bitcoin went through a range felt by all exchanges. However, during the bear market of 2022, the price of bitcoin briefly moved below the actual price on all exchanges.
exchange average clearance price by exchange;
Bitfinex: $10,595 All Exchanges: $16,816 Binance: $21,362 Coinbase: $21,046
Exchange Withdrawal Price: (Source: Glassnode)
Exchange Withdrawal Price: (Source: Glassnode)
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