Bitcoin hits $86,000, putting US spot ETF investors back in profit after $86 billion wipeout
- —BTC gained about 6% in 24 hours, briefly trading near $86,000
- —Average US spot Bitcoin ETF cost basis is around $81,722
- —Cumulative ETF inflows fell from a $61.19 billion peak to $55.16 billion
- —Weekly net inflows into the funds totaled just $6.21 million
Why it matters: The return to breakeven could trigger selling by holders who waited out the drawdown or draw fresh capital — a key test for the rally's durability.
Source: CryptoSlate