Bitcoin could push the average ETF buyer back into losses this week
- —Bitcoin's Sept. 29 intraday low was $82,775.94
- —Seyffart estimates the average ETF holder's cost basis at $81,722
- —Glassnode put the ETF-complex break-even near $86,000
- —Bitcoin's 365-day moving average sits at $80,500
Why it matters: A break below $81,722 on the inflation print would put the average ETF buyer back in the red and could add selling pressure.
Source: CryptoSlate