Markets· ★★★· neutral·

Bitfinex: Bitcoin Needs $84,400 to Revive ETF Demand

  • —Average ETF cohort cost basis estimated at $84,358, roughly 2.6% above current prices
  • —U.S. spot Bitcoin ETFs saw $228.4 million in net outflows in the week to October 16
  • —Bitcoin futures open interest rose 4.3% from October 12 to 15 even as price fell
  • —1.25 million BTC is held between $77,600 and $82,200
Why it matters: The $84,400 level is the threshold that would put ETF holders back in profit and could restore institutional inflows into Bitcoin.
#BTC
Source: Crypto Economy
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