Bitcoin Dips Below Major On-Chain Support Levels: Realized Price at $56,400 After Falling Past STH Cost Basis ($90,900) and Active Investors Mean ($88,100)
BTC/USDT
$13,784,700,649.61
$70,516.82 / $68,110.55
Change: $2,406.27 (3.53%)
+0.0001%
Longs pay
COINOTAG News, December 1, citing Glassnode data, notes that Bitcoin price has slipped below several key on-chain benchmarks. The Short-Term Holder Cost Basis is reported near $90,900, while the Active Investors Mean sits around $88,100, highlighting near-term pressure on the asset.
The next pivotal threshold appears at $81,700, identified as the True Market Mean, which could shape near-term momentum. The longstanding floor, the Realized Price, sits at $56,400, offering a foundational support level for downside scenarios.
Going forward, traders should monitor the trajectory of these on-chain indicators and on-chain metrics alongside price action, as persistent alignment with these levels may influence risk controls and capital allocation within crypto portfolios.