Bitcoin Holds Support at 2023 Investor Cost Basis

Glassnode’s realized price estimates holders’ cost basis using the price at which Bitcoin last moved on-chain, helping identify the market’s break-even threshold. The 2023 investor cost basis provided support during pullbacks in March, July and September of that year. Whether the same area holds this time is therefore seen as a key test of Bitcoin’s cycle resilience.

CoinDesk reported on March 24, 2026, that Bitcoin had recently stabilized near the 2023 investor realized price of about $63,700. Its February low was around $60,000, roughly 50% below the October 2025 peak. If $60,000 fails, the next key support level would be the overall realized price of about $54,360.