✉news BusinessCrypto first seen 12 h ago, last 12 h ago, peak #33
Bitcoin ETF holders' average cost basis reaches new high
Original: Bitcoin ETF holders' average cost basis hits $8...
Reports indicate the average cost basis for Bitcoin ETF holders has reached roughly $80,000, meaning most investors who bought in through exchange-traded funds are now near or below their purchase price. Market watchers see this as a key level, since holders sitting at a loss can be quicker to sell, adding pressure during periods of weak price momentum.
Why now: Bitcoin's recent price pullback has put typical ETF buyers near their breakeven point, raising concerns about potential selling pressure.
Evidence
- Bitcoin ETF holders' average cost basis hits $8... · pluang.com
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