Bitcoin Reflects the Decline in April, We Have Lost a Critical Threshold

The recent sharp decline in Bitcoin (BTC) prices has resulted in investors who entered the market in 2025 seeing their average cost levels dip below, pulling their portfolios into losses. This situation reminds us of the significant correction movement that occurred in April.

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

Early Tuesday morning, the price fell below the $90,000 band, showcasing the strength of the selling pressure in the market. As the current downward trend enters its 43rd day, the market structure bears a striking resemblance to the period in April 2025, when the price fell from $109,000 to $76,000. However, while the challenging period back then lasted for 80 days, the current correction has yet to reach its halfway point.

As a result of these intense sell-offs, the price of Bitcoin has dipped below the critical cost level of $103,227 for 2025, indicating that the average investor who made purchases in 2025 is currently down by approximately %13.

Data regarding realized prices, which is frequently used in market analyses, provides important clues about the overall health of the market. According to Glassnode data, periods when prices fell below this average cost have historically presented attractive buying opportunities for investors. Since the cycle that began in 2023, Bitcoin has managed to use this cost level as strong support, except for the banking crisis in March 2023 and brief declines in August 2024.