Bitcoin remains in correction mode after reaching its constantly high of more than $ 124,500, now hovering close to $ 110,000. Glassnode’s weekly newsletter highlights the mounting of stress among the best buyers, as the cost basis for investors in the last six months comes under pressure.
The company noted, “Any relief rally is therefore likely to encounter resistance as short -term holders seek to end at Breakeven.”
The asset has gone below both 1 month and 3 months realized prices, currently at $ 115,300 and $ 113,700. However, the 6 -month realized price works at $ 107,440, as an important level of support.
Realized price represents the average purchase price of coins within a given timeframe that provides insight into investor positioning and atmosphere.
Coindesk Research also notes that the short -term proprietor who realized the award is over $ 108,500, a level Bitcoin rebound from August 26. Meanwhile, the realized price for all 2025 buyers has fallen to just over $ 100,000, creating another important psychological threshold if the market falls further.
This correction emphasizes the growing pressure on recent buyers and the importance of realized price levels in indicative market psychology.
