Bitcoin (BTC) has slipped below the 0.95 Cost Basis Quantile, a historically significant risk band that often signals zones of profit-taking. The break below this threshold suggests waning momentum, and unless price action quickly reclaims the level, further downside pressure could intensify across the board.
According to Glassnode, Bitcoin has fallen below the 0.95 Cost Basis Quantile—a key risk band that historically marks zones of profit-taking. The breach indicates weakening momentum, and unless this level is reclaimed, the market risks drifting toward deeper support zones between $105,000 and $90,000. The current price of $112,565 reflects a 0.48% daily decline, while trading volume has dropped to $49.5 billion, suggesting reduced conviction among market participants.
Leverage stacks, liquidity builds as Bitcoin risks deeper correction
The danger isn’t just technical. Coinglass data shows a dense concentration of high-leverage long positions between $110K and $114K—particularly at 50x and 100x leverage. Compounding the risk, liquidity clusters have formed just below the current price, especially near $107K, creating a gravitational pull that could draw prices lower. A breakdown into this zone may trigger mass liquidations, amplifying volatility in an already fragile market structure.
Meanwhile, the global crypto market reflects similar strain. Overall market cap dropped 0.52% to $3.89 trillion, while volume sank over 10% to $163.97 billion, reflecting lower conviction across both retail and institutional flows.
Bitcoin reached an all-time high of $124,457 on August 14 but has since declined over 10%, now sitting on the edge of structurally significant zones. Without a swift recovery above the Cost Basis Quantile, the path of least resistance could lead to the $105K–$90K range—a level with historical confluence, but also a setup for deeper liquidations.
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