"Bitcoin Reflects the Drop in April, We've Lost the Critical Threshold."

The recent sharp decline in the price of Bitcoin (BTC) has caused the average cost level of investors who entered the market in 2025 to fall below, dragging their portfolios into the red. This situation reminds us of the major correction that occurred in April.

The flagship of the cryptocurrency market, Bitcoin, has pulled back by 30% from its all-time high of $126,250 recorded in October, while it has lost 17% so far in November. This decline has led Bitcoin to exhibit its worst performance of 2025 and to draw the weakest monthly chart seen since June 2022.

Early on Tuesday, the price fell below the $90,000 band, revealing the strength of the selling pressure in the market. As the current downtrend enters its 43rd day, the market structure bears significant resemblance to the period in April 2025 when the price declined from $109,000 to $76,000. However, the difficult period at that time lasted 80 days, while the current correction has not yet reached half of that duration.

As a result of these intense sell-offs, the price of Bitcoin has fallen below the critical cost level of $103,227 for 2025, indicating that the average investor who bought in 2025 is currently at approximately 13% loss.

Realized price data, frequently used in market analysis, provides significant clues about the overall health of the market. According to Glassnode data, periods when the price has fallen below this average cost have historically offered attractive buying opportunities for investors. Since the cycle that started in 2023, Bitcoin has managed to use this cost level as a strong support, except for the banking crisis in March 2023 and short-term declines in August 2024.