Critical Level for Bitcoin Price: Investors Pay Attention!

Recently, the fluctuations in Bitcoin prices continue to attract the attention of investors. The price, which has fallen below the 0.75 cost basis threshold, is historically considered the first step towards entering a bear market. This important threshold serves as a significant risk indicator, given that it has been a level that Bitcoin (BTC) has maintained for a long time.

Recent data provided by Glassnode shows that the current weakness has transformed into a structural pullback. In financial markets, cost basis thresholds emerge as a critical metric that indicates the average entry levels of investor groups. When past cycles are examined, it is known that Bitcoin's price maintaining itself above the 0.75 cost basis threshold reinforces the bull structure, while periods where it has fallen below this level often experience sharp corrections. Therefore, investors are focused on whether this key level can be regained.

When this significant indicator is lost, it should also be noted that the market has entered the bear market and that recovery is only possible with the regaining of this level. As the price moves away from this critical threshold with the recent downward movement, on-chain data indicates that the market is struggling to find direction. Experts emphasize that particularly the behavior of short-term investors will be decisive during this period.

In the coming days, high volatility is expected in the markets; in this case, the main scenario will revolve around whether the price can regain the 0.75 cost basis threshold. If this level cannot be reclaimed, it is stated that it will be difficult for the bullish structure to fully recover. Therefore, monitoring this level, which is critical for investors, is of great importance for making strategic decisions.