Bitcoin Breaks Through Basic Supply Price Line, Bearish Signal Continues to Strengthen

Recent analysis from Glassnode indicates that Bitcoin has now fallen below the supply cost baseline at the 0.75 percentile. Based on real-time data, the current spot price of Bitcoin is $70.34K, but it remains below the benchmark level representing 75% of the existing supply. This condition triggers warning signals for market observers to watch for the next price movements.

Understanding the Supply Cost Baseline

The supply cost baseline is an on-chain metric that shows the average acquisition price of the majority of Bitcoin holders. When the price drops below this line, especially at the 0.75 percentile level, it indicates that most investors are experiencing losses. This line acts as a significant support level in the market. If Bitcoin fails to recover above this line, the risk of increased selling pressure will rise sharply.

Increasing Selling Pressure and Bearish Momentum Strengthening

Data from PANews confirms that selling volume is swelling in the current market. When the price is below the supply cost baseline, it typically reflects more intense dumping activity. Most coin holders are in underwater positions, prompting them to consider exiting their positions. This bearish momentum creates an unfavorable environment for short-term bullish sentiment.

Rising Risks, Critical Level Must Be Maintained

Market risk levels have reached a significant point. Unless Bitcoin manages to regain the supply cost baseline soon, the downtrend is expected to continue dominating trading activity. Analysts indicate that failure to reclaim this support line will open the door to deeper declines. Investors should monitor this level carefully, as a permanent breach below it could trigger a more massive cascade of selling.