Mounting Selling Pressure Pushes Bitcoin Below Important Cost Anchors

Bitcoin is consolidating near $110,000, down from its $124,500 peak, with Glassnode data showing stress among recent buyers.

BTC has fallen below the 1-month ($115,300) and 3-month ($113,700) realized prices, while the 6-month level at $107,440 acts as support. The short-term holder realized price is around $108,500, and 2025 buyers’ average cost basis has slid to just above $100,000, CoinDesk Research noted.

Glassnode said rallies are likely to face resistance as short-term holders look to sell at breakeven.