Bitcoin’s correction from record highs is testing the conviction of recent buyers, with realized price levels becoming central to market psychology.
After peaking above $124,500, BTC has slipped back toward $110,000, now trading below the 1-month ($115,300) and 3-month ($113,700) realized prices. The 6-month realized price at $107,440 is providing interim support.
Glassnode warned that short-term holders remain under pressure: “Any relief rally is therefore likely to encounter resistance, as short-term holders seek to exit at breakeven.”
CoinDesk Research added that the short-term holder realized price sits just above $108,500, while the average 2025 entry cost has now dropped to a little over $100,000 — a level that could become a defining threshold in the weeks ahead.
