Bitcoin Now Trades Just 9% Above ETF Realized Price — Here’s What It Means

2025-11-17 13:47:54

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Bitcoin trades 9% above the ETF realized price, as data shows a narrowing profitability and shifting trends from 2024 to 2025.

For those unfamiliar, the realized price reflects the average purchase price of Bitcoin held by ETF investors. It serves as a key metric to gauge whether institutional holders are in profit or at a loss, helping analysts interpret market trends.

Bitcoin ETF Historical Trend Predicts What Could Come Next

Since early 2024, ETF investors have moved through several Bitcoin cycles. In March, when Bitcoin traded between $50,000 and $73,000, ETF realized prices were just below the spot price, resulting in slight profitability.

By April and May, ETF realized prices rose into the $60K+ range, and MVRV improved as early ETF buyers gained traction.

BTC-1,39%

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