According to ChainCatcher, Alicharts said Bitcoin’s key on-chain metric, Investor Price, is currently positioned at $48,300. The metric represents the market-wide average acquisition cost after filtering out permanently lost coins, and it is regarded as an important support area for long-term accumulation.
On-chain cost readings for Bitcoin and Ethereum
For Bitcoin, Investor Price presents the broader acquisition baseline through an on-chain cost framework. The $48,300 level corresponds to the average cost after adjusting for permanently lost coins, making it a key on-chain reading currently being recorded in Alicharts’ update.
For Ethereum, the Delta Price metric is now close to $700. This indicator previously captured Ethereum’s last two market bottoms with accuracy. Delta Price is a proprietary on-chain metric from the Alphractal platform, mainly used to identify structural cost baselines and deep accumulation zones for cryptocurrencies.