Bitcoin is down 30% from its October all-time high of $126,250 and 17% in November, which is the worst month of 2025 and the weakest monthly performance since June 2022.
After falling below $90,000 early Tuesday, bitcoin is now 43 days into a correction, putting it in a decline similar to that of April 2025, when the price fell from $109,000 to $76,000. However, this April correction lasted 80 days, about twice as long as the current correction.
Due to the sell-off, bitcoin fell below the realized price in 2025, to $103,227, and on average, the 2025 buyer incurs a 13% loss. The realized price is the average cost at which the coins were acquired, and this breakout indicates that the average buyer in 2025 is now facing a loss.
A similar dynamic occurred earlier this year when bitcoin fell to $76,000 during the tariff crisis. The realized price was $70,000 at the time, so the spot never fell below, according to Glassnode data.
Data from Glassnode shows that historically, bitcoin often drops below the year’s realized price and these periods tend to offer good entry points. Since the start of the 2023 cycle, Bitcoin has primarily treated the price realized each year as support, with brief moves below in March 2023 during the Silicon Valley Bank collapse and in August 2024 during the yen carry trade episode.
