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