Where Did Bitcoin Investors Cost: Here are the Price Levels of 4 Main Groups

Ki Young Ju, CEO of on-chain analysis platform CryptoQuant, included the cost points of 4 groups of cryptocurrency investors.

CryptoQuant's CEO, Ki Young Ju, included a remarkable price analysis in his X post dated June 28. Stating that the average purchase price of new Bitcoin investors is stacked at the level of 64 thousand dollars, the analyst emphasized that the current price is 6% below this level.

The CEO revealed that the average Bitcoin purchase cost of users on Binance is $ 51,700, while the cost of mining companies is $ 47,300.

The buying level of former Bitcoin whales was recorded as $ 20,700.

Reasonable prices for the bull market

In a similar post he made before, the CEO stated that as long as the market was bullish, it did not fall below the average purchase prices, and that this price corresponded to 47 thousand dollars in those days.

Looking at current data, the average cost of miners at $47,000 may be a critical level for the continuation of the bull market. If the rises will continue, it is expected that the Bitcoin price will not fall below 47 thousand dollars.

According to CoinGecko data, Bitcoin, which has lost 1% in value in the last 24 hours, is traded at $ 66,100 at the time of writing.