Over the past month, Bitcoin and Ethereum markets have experienced considerable volatility, with price fluctuations failing to break the significant $70,000 level, despite multiple price surges. However, when we analyze the realized price of Bitcoin and Ethereum holders, the outlook remains optimistic for both.
According to the realized price metric, which reflects the average entry points of Bitcoin and Ethereum holders, the price of both assets continues to fluctuate above these levels, indicating that holders are moving their assets while still in profit. The realized price for staked Ethereum is around $2,260, while the non-staked Ethereum realized price is approximately $2,210. Meanwhile, the realized price for Bitcoin holders is estimated to be around $37,000.
Considering the current prices of Bitcoin and Ethereum, on average, the holders of both assets remain in profit. With that said, there is potential for price performance to improve in the coming weeks and months. Even in light of reduced demand from new holders, the overall financial health of Bitcoin and Ethereum holders remains positive.