Bitcoin Struggles Below $65K as ETF Selling Pressure Mounts
- —Bitcoin is testing cost basis levels around $65,000
- —Past buyers break even only above $88,000
- —ETFs turned net sellers, with cost basis near $81,500 holding twice
- —Traders are watching key support and resistance levels for direction
Why it matters: ETF selling and cost basis pressure will determine whether Bitcoin holds above $65,000 or slides toward lower support.
Source: Coinfomania