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Bitcoin Faces Mounting Pressure Below Key Cost Bases
Realized price levels highlight investor stress and looming psychological thresholds
Updated Aug 29, 2025, 12:32 p.m. Published Aug 29, 2025, 11:03 a.m.
What to know:
- Bitcoin has dropped from its $124,500 all time high to around $110,000, slipping below the 1 month and 3 month realized prices, with the 6 month realized price at $107,440 providing support.
- Glassnode warns that relief rallies may face resistance as short term holders look to exit at breakeven, while CoinDesk Research points to $108,500 and $100,000 as critical levels for sentiment.
Bitcoin remains in correction mode after reaching its all time high of more than $124,500, now hovering near $110,000. Glassnode’s weekly newsletter highlights mounting stress among top buyers as the cost basis of investors over the past six months comes under pressure.
The firm noted, “Any relief rally is therefore likely to encounter resistance, as short-term holders seek to exit at breakeven.”
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The asset has slipped below both the 1 month and 3 month realized prices, currently at $115,300 and $113,700. However, the 6 month realized price, at $107,440, is acting as a key support level.
Realized price represents the average purchase price of coins within a given time frame, offering insight into investor positioning and sentiment.
CoinDesk Research also notes that the short term holder realized price stands above $108,500, a level bitcoin rebounded from on Aug. 26. Meanwhile, the realized price of all 2025 buyers has declined to just over $100,000, creating another important psychological threshold should the market fall further.
This correction underscores the growing pressure on recent buyers and the importance of realized price levels in guiding market psychology.
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What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
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