Bitcoin is down 30% from an October high of $126,250 and down 17% in November, the joint worst month of 2025 and the weakest monthly performance since June 2022.
After falling below $90,000 early Tuesday, bitcoin is now 43 days into its correction, placing it on a similar move to the April 2025 correction when the price fell from $109,000 to $76,000. However, that April correction lasted 80 days, about twice as long as the current one.
As a result of the sale, bitcoin has fallen below the realized price in 2025 of $103,227, on average the buyer in 2025 is at a loss of 13%. The realized price is the average cost at which coins were acquired, and this break signals that the average buyer in 2025 is now sitting at a loss.
A similar dynamic occurred earlier this year when bitcoin fell to $76,000 during the tariff tantrum. The realized price was $70,000 at the time, so the spot never fell below that, according to Glassnode data.
Glassnode data shows that historically bitcoin often falls below the year’s realized price, and these periods have tended to offer good entry points. Since the 2023 cycle began, bitcoin has mostly treated each year’s realized price as support, with brief moves below it in March 2023 during the Silicon Valley Bank collapse and in August 2024 during the Yen carry trade episode.
