Markets· ★★★· neutral·

Glassnode: Bitcoin rebounds near ETF and corporate cost basis after slide to $80K

  • —US spot ETF average cost basis sits near $81,500, a level bitcoin has straddled since Oct. 8
  • —Estimated average cost basis for bitcoin treasury companies is about $80,200
  • —Liquidation clusters moved to $85,000 and $87,000, with support near $79,600
  • —ETFs drew $653 million on Oct. 19, but trading volume stayed below the one-year average
Why it matters: Holding above ETF and corporate cost basis underpins demand, but without volume growth a break above $86,700 remains uncertain.
#BTC
Source: CoinPost
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