**[Key Bitcoin On-Chain Price Distribution: Average Cost Basis Across the Network is $55,900]** BlockBeats News, February 1: As Bitcoin drops to $78,000, Glassnode updates the key on-chain price distribution for Bitcoin as follows: - **STH (Short-Term Holder) Cost Basis**, reflecting the average holding price of new buyers/traders entering the market in recent months: $95,400; - **Active Investor Average Investment**, representing the average holding cost of traders currently "active in the market": $87,300; - **Real Market Mean**, focusing on the cost basis of actual secondary market traders: $80,500; - **Spot Price**: $78,600; - **Realized Price**, representing the average cost basis of all coins across the entire network: $55,900.