#Bitcoin has seen a sharp sell off, pushing the spot price down to $78.6K, placing it below several major on chain valuation benchmarks. The Short Term Holder cost basis remains elevated at $95.4K, indicating widespread losses among recent entrants, while the Active Investors’ mean price of $87.3K also sits well above current levels. Price has now slipped under the True Market Mean at $80.5K, a zone often associated with fair valuation, reflecting rising market pressure and fear.

Meanwhile, the Realized Price at $55.9K continues to define a key long term support level, the market is still far from historically deep undervaluation. This setup points to a period of stress-driven behavior that has, in past cycles, aligned with late correction phases or early accumulation opportunities.