Bitcoin Stay in correction mode after reaching its summit over $ 124,500, now oscillating nearly $ 110,000. The weekly Glassnode newsletter highlights the assembly stress among the best buyers, because the basis of the cost of investors in the last six months is under pressure.
The company noted: “Any rescue gathering is therefore likely to meet resistance, because short -term holders seek to leave the profitability threshold.”
The asset has slipped below the prices made of one month and 3 months, currently at $ 115,300 and $ 113,700. However, the price made of 6 months, at $ 107,440, acts as a level of key support.
The price made represents the average purchase price of parts in a given time, offering an overview of the positioning and feeling of investors.
Coindesk Research also notes that the price of the short -term holder made is more than $ 108,500, a Bitcoin level on August 26. Meanwhile, the price made of all buyers of 2025 decreased to just over $ 100,000, creating another important psychological threshold if the market drops more.
This correction highlights the growing pressure on recent buyers and the importance of price levels made to guide market psychology.
