Glassnode: Bitcoin holds ETF cost basis, losing $81,500 opens path to $77,500
- —Bitcoin rebounded from the ETF cost basis after trading below it for most of the year
- —The ~$81,500 level has held as support twice
- —A break below $81,500 would target the true market mean near $77,500
Why it matters: Holding the ETF cost basis keeps institutional investors in profit; losing $81,500 opens the door to $77,500.
Source: PANews