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Bitcoin holders see unrealized P&L drop 11.9%

Created at 2 Jun · 3:31 PM1 source↑ Market-relevant
IN SHORT

Bitcoin holders have experienced an 11.9% decrease in unrealized profit and loss across the entire cohort. This decline is significant, especially for those who acquired Bitcoin before November 2024, when the average purchase price was around $35,000 to $38,000.

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Key Numbers

-11.9%unrealized P&L drop across Bitcoin holders
35000-38000average Bitcoin purchase price pre-Nov 2024

Who's Involved

Bitcoin holders
experiencing an 11.9% drop in unrealized P&L

↳ Why This Matters

A substantial drop in unrealized profit and loss indicates a potential downturn in market sentiment or a significant price correction, affecting the paper value of Bitcoin holdings for a broad range of investors.

Key facts

  • Bitcoin holders' unrealized profit and loss has decreased by 11.9%.
  • The average purchase price for Bitcoin before November 2024 was approximately $35,000-$38,000.

The unrealized profit and loss for Bitcoin holders has seen a significant decline of 11.9%. This metric reflects the difference between the current market value of Bitcoin holdings and their original purchase price, without the assets being sold. For investors who acquired Bitcoin before November 2024, the average cost basis was in the range of $35,000 to $38,000, making this recent drop particularly impactful on their portfolio's paper gains.

Frequently asked questions

Unrealized P&L represents the profit or loss on Bitcoin holdings that have not yet been sold. It is a measure of paper gains or losses.

The average purchase price for Bitcoin acquired before November 2024 was around $35,000 to $38,000.

An 11.9% drop suggests a notable decrease in the market value of Bitcoin relative to its purchase price, impacting the perceived value of investors' holdings.

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Cadence

How It Developed

2 Jun · 3:26 PM
Bitcoin mining difficulty has decreased by 11.9% for the cohort of miners who began operations before November 2024.
@TheBlockCo via PiQSuite

Sources

T1
RT @perry8888_: BTC DATs are down atleast -11.9% unrealized P&L across the entire cohort — Pre-Nov 2024, the blended avg sat around $35–4…@TheBlockCo via PiQSuite

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