Bitcoin ETF holders face a $74,200 break-even threshold
Recent Bitcoin buyers are materially underwater. The market is operating within a narrow break-even zone, as the cost basis for Bitcoin ETF holders is approximately $74,200. This price pressure persists despite U.S.-listed Bitcoin ETFs attracting roughly $1.16 billion over seven consecutive sessions. During that period, Bitcoin's price fell by 4% to 5%, indicating that ETF demand is not yet strong enough to offset macro-driven selling pressure.
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