Bitcoin's Break-Even Price Remains Elusive for Many Buyers

Bitcoin's recent 33.4% gain over the past 90 days may seem impressive, but it's not enough to break even for many buyers. The cryptocurrency still trades 29.7% below its price a year ago, which means that those who entered the market earlier are still facing losses.

The current price of $84,621 is not high enough for buyers who paid above this amount to break even. According to the source, a 42% increase is needed to return to last year's price, while a 49% increase is required to hit the all-time high of $126,080.

Strategy Inc., a software company that holds Bitcoin, has an average purchase price of $75,419, resulting in a 12% gain. In contrast, Strive, an asset manager, purchased its latest batch at an average price of $85,396, which is only 0.9% above the current price.

The timing of purchases matters, and long-term holders like Strategy are benefiting from their earlier purchases. However, recent buyers may need to be patient as they wait for their break-even price to be reached.