Bitcoin Corrects to $110,000 After Hitting All-Time High of $124,500

Bitcoin (BTC) is experiencing a correction after peaking above $124,500, currently trading around $110,000. Key points include:

Mounting stress among top buyers as cost basis from the past six months is under pressure.
Short-term holders may resist any relief rally, aiming to exit at breakeven.
Current prices are below both 1 month and 3 month realized prices of $115,300 and $113,700.
The 6 month realized price at $107,440 serves as significant support.
The short-term holder realized price is above $108,500, from which BTC previously rebounded.
The overall realized price for all 2025 buyers has dropped to slightly over $100,000, marking another critical psychological threshold.

This situation emphasizes the pressure on recent investors and the impact of realized price levels on market sentiment.