New Bitcoin Buyers Turn Profitable: $68k-$73k Cost Basis Region Takes Center Stage

Bitcoin’s rally between August 16 and 24 shifted short-term investors’ average positions from a loss to an 11.3% profit, reducing the share of Bitcoin records in loss from 51.8% to 23.8%.

As the Bitcoin price climbed from approximately $63,000 on August 16 to $77,300 on August 24, the cost balance of investors on the network also recovered. CryptoQuant reported that this movement particularly eased the pressure on investors who purchased recently.

The realized price, which represents the average cost for short-term holders (STH) who bought Bitcoin within the last 155 days, rose from $67.3k to $68.6k. The surge in Bitcoin’s price shifted short-term investors’ profitability from minus 6.8% to plus 11.3%. Realized price indicates the approximate cost basis as the weighted average of the prices at which Bitcoins last moved.

Critical $68k-$73k cost region for Bitcoin

The cost basis for the newest investors sits at approximately $73,000. Therefore, the $68,000-$73,000 range stands out as the main zone that will determine whether recent buyers remain in profit. Staying above this region could signal that the recovery has become permanent. Losing this band, however, could lead new investors back into a loss, increasing selling pressure.

The improvement in the network’s overall outlook was also reflected in UTXO data, which refers to unspent Bitcoin records. While the share of UTXOs in loss fell from 51.8% to 23.8%, unrealized losses decreased by approximately 45% and profits increased by about 40%. In the latest chart values, unrealized profit stood at approximately $616 billion, while loss was at $127.2 billion. The profitability of long-term investors rose to approximately 18.5%, and the profitability of the new money group increased to 12.7%.