Markets· ★★★· bearish·

Bitcoin needs to fall 2.2% to drop below ETFs' $81,722 average cost basis

  • —Average cost basis of US spot bitcoin ETFs estimated at $81,722 by Seyffart
  • —A 2.2% drop from $83,579 would push BTC below that level
  • —Glassnode: $84,000–85,000 is a concentration of long-term holder supply
  • —Bitcoin's 365-day moving average sits at $80,500
Why it matters: A break below $81,722 would put the average ETF holder underwater, potentially adding selling pressure as US inflation and jobs data loom.
Source: TokenPost