The current average withdrawal price of Bitcoin on exchanges in 2025 is set at $100,356, with bitcoin trading slightly below this at approximately $98,000.
Concerns arise when Bitcoin remains under its average withdrawal price for extended periods, potentially triggering increased selling and downward pressure.
Historically, this metric has acted as a significant support level for bitcoin. A breach of this support does not automatically signify a bear market or prolonged decline, as Bitcoin has typically reclaimed this level swiftly.
For instance, in 2024, Bitcoin tested its average withdrawal level below $60,000 several times, briefly dipping to $49,000 during the yen carry trade unwind in August, before recovering soon after. Similarly, in 2023, this realized price served as critical support, including during the Silicon Valley Bank collapse in March ($20,000) and again in September, just ahead of bitcoin’s Q4 rally.
The withdrawal price, also known as the realized price, represents the average price at which bitcoin was last moved from exchanges. This metric is calculated based on the price at which bitcoins were taken off trading platforms, essentially showing the price level where many investors entered their positions. When the current market price falls below this withdrawal price level, it indicates that a significant portion of holders are sitting on unrealized losses, which can create selling pressure as investors may look to exit their positions to prevent further losses.
Data from Glassnode reveals that over 2.6 million BTC are currently at a loss, marking one of the highest counts this year. Prolonged trading below the 2025 average heightens the possibility of further declines.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.
