Macro· ★★★· bearish·

KOSPI drops 14.5% in a week as bitcoin tests US spot ETF average cost basis

  • —KOSPI fell 14.5% for the week, the sharpest since October 2008
  • —Estimated average cost basis of US spot bitcoin ETFs: about $81,000–81,500
  • —True Market Mean for active investors stands near $77,600
  • —QCP cited CoreWeave CDS at 1,128 bp and Oracle at 300 bp
Why it matters: The ETF cost basis is acting as a psychological support; a sustained break could accelerate fund outflows and pressure BTC.
#BTC
Source: TokenPost
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