Bitcoin BTC$93,561.27 is down 30% from its October all-time high of $126,250 and down 17% in November, which is the joint worst month of 2025 and the weakest monthly performance since June 2022.
Having fallen below $90,000 early on Tuesday, bitcoin is now 43 days into its correction, placing it on a similar drawdown to the April 2025 correction when price fell from $109,000 to $76,000. However, that April correction lasted 80 days, roughly twice as long as the current one.
As a result of the selloff, bitcoin has dropped below the 2025 realized price at $103,227, on average the 2025 buyer is at a 13% loss. The realized price is the average cost at which coins were acquired, and this break signals that the average buyer in 2025 is now sitting on a loss.
A similar dynamic occurred earlier this year when bitcoin fell to $76,000 during the tariff tantrum. The realized price was $70,000 at the time, so spot never fell below it, according to Glassnode data.
Glassnode data shows that historically, bitcoin often dips below the realized price of the year and these periods have tended to offer good entry points. Since the 2023 cycle began, bitcoin has mostly treated each year’s realized price as support, with brief moves below it in March 2023 during the Silicon Valley Bank collapse and in August 2024 during the Yen carry trade episode.
Source: https://www.coindesk.com/markets/2025/11/18/bitcoin-correction-mirrors-april-drop-as-2025-buyers-fall-into-the-red
