The average withdrawal price for Bitcoin (BTC) from the exchange in 2025 is currently $100,356. Currently, Bitcoin is trading just below this level, hovering around $98,000.
Concern arises when Bitcoin falls below the average withdrawal price for a sustained period. Historically, this metric has served as a strong level of support for Bitcoin.
However, arresting under this support does not necessarily indicate a bear market or a sustained decline, as Bitcoin historically recovers this price level quickly.
For example, in 2024, Bitcoin repeatedly tested its average withdrawal price to below $60,000. In fact, prices have fallen below this level several times. Most notably, especially when the Yen Carrey trade was hoisted, falling to $49,000. However, the price was able to regain support levels within a few days.
Similarly, in 2023, realised prices were important to multiple occasions, including the collapse of Silicon Valley Bank in March ($20,000) and the September reunion just before Bitcoin’s fourth quarter rally. Support was provided.
According to GlassNode data, 2.6 million btc is one of the highest volumes this year, 2.6 million btc, has been defeated. The longer you maintain prices below the 2025 average, the more likely it is to decrease.