Bitfinex: New Buyers Added 570,000 BTC Since Late July Despite ETF Sales
- —New buyers added about 570,000 BTC since late July
- —Average cost basis for new holders sits near $75,000
- —Accumulation continued despite ongoing ETF sales
Why it matters: The $75,000 cost basis forms a key support zone, but a break below it could trigger selling from new holders sitting on losses.
Source: Coinfomania