Markets· ★★★· bearish·

Analyst: $85K-$86K zone may become a bitcoin trap for ETF investors

  • —U.S. spot BTC ETFs have spent 228 trading sessions below the breakeven point of about $86K
  • —Unrealized losses for ETF investors reached $18B in February and now stand at $3.9B
  • —About 1.07M BTC has accumulated in the $83K-$86K zone, with peak cost at $85K
  • —$462.7M was withdrawn from U.S. spot BTC ETFs over four sessions
Why it matters: A close above $86K would show the supply has been absorbed; otherwise the rally becomes an exit for ETF investors waiting to break even.
#BTC
Source: Bitcoin Sistemi
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