Markets· ★★★· bearish·

Glassnode: Bitcoin treasury firms' average cost basis sits near $80.2K

  • —Average cost basis of tracked treasury firms is about $80,200 per BTC
  • —BTC daily closes have held above that level since Sept. 18
  • —Monthly purchases since June are under 10% of the November 2024 peak
Why it matters: Weak treasury demand removes one of the market's main sources of institutional bitcoin buying.
#BTC
Source: PANews
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