Bitcoin Price Breaks Below 0.75 Supply Cost Baseline—Selling Pressure Intensifies

According to Glassnode’s latest on-chain analysis, Bitcoin has slipped below a critical technical benchmark: the 0.75 supply cost baseline percentile. At the current spot price of $83.18K, this represents a concerning shift in market dynamics. The failure to maintain support above this threshold signals mounting selling pressure among Bitcoin holders, with the risk environment deteriorating rapidly.

Breaking Below the 0.75 Threshold: What It Means

The 0.75 supply cost baseline percentile is a crucial metric that indicates when 75% of Bitcoin’s circulating supply is trading above its historical cost basis. When price dips beneath this level, it suggests that the majority of holders are now in a loss position. According to PANews reporting, Bitcoin’s recent descent below this benchmark represents more than just a technical pullback—it reflects a shift in holder sentiment and potential capitulation.

Market Risk Escalates as Selling Momentum Builds

The inability to reclaim levels above the 0.75 percentile has dramatically escalated market risk. Historical patterns show that prolonged periods below this metric often precede more aggressive sell-offs. The combination of widespread losses among hodlers and reduced buying support creates an environment where downside momentum can feed on itself, driving prices toward lower support zones.

Recovery Prospects Hinge on Reclaiming Key Support

The critical near-term question is whether Bitcoin can mount a meaningful recovery above the 0.75 supply cost baseline. As long as price remains depressed below this level, bearish forces maintain structural control over the market narrative. A sustained recovery would require significant inflow of demand to lift Bitcoin back above this cost metric, signaling a genuine shift in selling pressure and stabilization of holder psychology.