Glassnode data shows that the realized price of OG Bitcoin holders (or Fish) who currently hold 10-100 BTC is the lowest among all types of Bitcoin holders, at only $15,630, far lower than Whales ($35,290). Note: The realized price is used to indicate the average price of all circulating BTC when it last moved, which can be understood as the average turnover price of all circulating BTC. This does not necessarily correspond to the current market price, but reflects the average acquisition cost over a period of time.
In addition, historically, the purchase price point of Fish has been consistent with the market bottom (2011, 2014, 2018). The data also shows that Fish addresses increase during bear markets and decrease during bull markets.
For example, the number of such addresses began to decline in October 2023 and continued to decline in 2024. This year, the realized price of Bitcoin held by Fish has increased from $13,282 at the beginning of the year to $15,630, an increase of about 17.7%, while Bitcoin has risen 41% during the same period. This shows that some Fish addresses are making profits, while some Fish are upgrading to Sharks (addresses holding 100-1000 BTC). (CryptoSlate)