Analyst: BTC faces持续加剧的压力 below key cost levels
ChainCatcher news, according to CoinDesk, Bitcoin remains in a correction mode after hitting a historic high of over $124,500, currently hovering around $110,000. Glassnode's weekly briefing points out that major buyers are facing increasing tension as the cost basis for investors over the past six months comes under pressure. The company stated, "Therefore, any relief rally may encounter resistance as short-term holders seek to sell at breakeven."The asset's price has fallen below the realized prices for 1 month and 3 months, currently at $115,300 and $113,700, respectively. However, the 6-month realized price ($107,440) is acting as a key support level. The so-called "realized price" represents the average purchase price of the coin over a specific time frame, used to gain insights into investors' positions and market sentiment.CoinDesk Research also noted that the realized price for short-term holders is above $108,500, which is a level that Bitcoin rebounded from on August 26. Meanwhile, the realized price for all buyers in 2025 has dropped to just above $100,000, which will become another important psychological level if the market declines further.