Bitcoin is consolidating near $110,000, extending its pullback from the all-time high above $124,500, with key cost bases now under strain.

According to Glassnode’s latest weekly report, pressure is building on recent buyers as multiple realized price levels — which track the average acquisition price of coins — have turned into resistance.

“Any relief rally is therefore likely to encounter resistance, as short-term holders seek to exit at breakeven,” the firm wrote.

Data shows BTC has slipped below both the 1-month ($115,300) and 3-month ($113,700) realized prices, while the 6-month level at $107,440 is serving as a critical line of support.

CoinDesk Research highlights further psychological markers: the short-term holder realized price sits just above $108,500, where Bitcoin bounced on Aug. 26, while the realized price of all 2025 buyers has now dropped to just over $100,000.

These thresholds underscore the fragile sentiment among recent entrants. If prices breach the $107,000–$100,000 support zone, market psychology could shift sharply, intensifying selling pressure.