Analysis: Bitcoin Faces Increasing Pressure Below Key Cost Level

BlockBeats News, August 29 — After reaching a historic high of over $124,500, Bitcoin remains in a correction phase and is currently hovering around $110,000. According to Glassnode’s weekly report, as the cost basis for investors over the past six months comes under pressure, major buyers are facing increasing tension. The company stated: “As a result, any relief rally may encounter resistance, as short-term holders will look to sell at their break-even point.”

The asset’s price has fallen below the 1-month and 3-month realized prices, which are currently $115,300 and $113,700, respectively. However, the 6-month realized price ($107,440) is serving as a key support level. The so-called “realized price” represents the average purchase price of coins within a specific time frame, providing insight into investors’ positions and market sentiment.

CoinDesk Research also pointed out that the realized price for short-term holders is above $108,500, which was a level 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 threshold if the market declines further.