Bitcoin Price Hovers Near Active Investor Cost Basis As Realized Metrics Signal Break-Even

According to on-chain data shared by Glassnode, Bitcoin is currently trading close to the cost basis of active market participants, implying this group is roughly at break-even. The analysis compares the spot price with several realized price models, including the overall Realized Price at $56,200, the True Market Mean at $81,100, the Active Realized Price at $87,700, and the Short-Term Holder Realized Price at $99,900. With Bitcoin hovering near $87,700 and down 2.6% over the past week, short-term holders are currently sitting on unrealized losses while the broader active cohort remains neutral.