Bitcoin is experiencing mounting pressure as it trades around $110,000, significantly down from its all-time high of $124,500. The price has fallen below the 1-month and 3-month realized prices, which are currently set at $115,300 and $113,700, respectively. Key support is being provided by the 6-month realized price at $107,440. Analysts from Glassnode indicate that any potential relief rallies may meet resistance as short-term holders aim to exit at breakeven levels. Critical psychological thresholds have emerged, with $108,500 noted as a significant level for short-term holders, while the overall realized price for buyers in 2025 has dropped to just over $100,000. This situation illustrates growing concerns among recent investors, contributing to a tense market environment as the influence of realized price levels becomes increasingly critical in shaping market psychology.

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