#Bitcoin is trading around 89,9K, sitting below the short term holder cost basis at 98,9K, which keeps short term sentiment under pressure. Price is hovering near the Active Investors Mean at 87,7K, a zone that often reflects fair value during consolidation.

The True Market Mean around 81,0K remains an important support level, while the realized price at 56,2K shows that long term holders are still comfortably in profit. Overall, the structure looks more like consolidation than weakness.