Key Points:
- Bitcoin’s price surge has brought relief to investors who bought during the 2021 bull run.
- The Realized Price indicator shows that these investors are now close to breaking even.
- The 2- to 3-year-old UTXO Age Band represents investors who bought during the 2021 bull run.
- Bitcoin’s recent rally has pushed its price above the cost basis of these investors.
- Despite the bear market, some investors held on and are now seeing their patience rewarded.
Breaking Even After Years of Waiting
On-chain data shows that Bitcoin traders who bought during the 2021 bull run are finally nearing their break-even point following the latest price surge. The Realized Price indicator, which tracks the average investor’s acquisition price, suggests that these investors are close to recovering their investment.
2021 Bull Run Buyers Finally in the Green
The Realized Price for the 2- to 3-year-old UTXO Age Band, which represents investors who bought during the 2021 bull run, has recently been hovering around $49,340. With Bitcoin’s recent surge, it has now broken past this level, indicating that these investors are finally collectively in the green.
Patience and Perseverance Rewarded
While many investors may have sold during the bear market that followed the 2021 bull run, those who held on through the losses are now being rewarded for their patience. These investors may not have significant gains, but they are at least above water after years of waiting.
Bitcoin Touches $50,000
Bitcoin’s strong surge in the past day has briefly pushed its price above $50,000 for the first time since December 2021. This rally has further benefited investors who bought during the 2021 bull run, as it has accelerated their journey to profitability.
