On February 1st, as Bitcoin dropped to $78,000, Glassnode updated the key on-chain Bitcoin price distribution as follows:

STH (Short-Term Holder) cost basis, reflecting the average holding price of recent new entrants/buyers/traders: $95,400;

Average investment amount of active investors, representing the current true "on-market" traders' average cost basis: $87,300;

Realized market value, focusing on the actual transaction costs of secondary market traders: $80,500;

Spot price: $78,600;

Transaction price, representing the average cost basis of all coins across the entire network: $55,900. #加密市场回调 $BTC