Markets· ★★★★· bearish·

Glassnode: Bitcoin retests $81K ETF cost basis, break could open $70K

  • —The $81K level matches the average purchase price of spot Bitcoin ETFs
  • —In May the level capped a rally, followed by a sharp market decline
  • —Last week BTC briefly broke $81K and quickly reclaimed it
  • —A sustained close below $81K could open the $70K range
Why it matters: The ETF cost-basis level is a key support; losing it could add selling pressure and accelerate a correction.
#BTC
Source: PANews
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