Key Insights
- Bitcoin is trading below its 2025 average realized price of $100,356.
- The cryptocurrency has consistently used this realized price as a support level in recent years.
- Presently, more than 2.6 million bitcoins are in a loss position, highlighting significant market pressure.
Current Market Status
The current average withdrawal price of Bitcoin (BTC) from trading platforms is $100,356. At the moment, Bitcoin is trading slightly below that figure, resting around $98,000.
Market Concerns: If Bitcoin remains below this withdrawal price for an extended period, it may prompt ongoing sell-offs and further downward pressure on prices. Historically, this support level has been pivotal in stabilizing prices.
Notable Historical Context: In previous years, Bitcoin has briefly dipped below significant support levels but generally managed to rebound swiftly. For example, in 2024, Bitcoin touched an average withdrawal price of just under $60,000, also showcasing resilience after momentarily falling below crucial levels.
Current Trends
As of now, Glassnode’s data reveals that over 2.6 million BTC are sitting at a loss, one of the highest figures recorded this year. The longer Bitcoin maintains a price below the 2025 average, the higher the likelihood of potential declines.
Potential Outlook: However, dropping below this support does not necessarily signal the start of a bear market, as Bitcoin has historically recovered its price points quickly.
