Bitcoin falls 3.7% to test $81,500 ETF cost basis as key support
AI summary
Bitcoin dropped 3.7% to test the $81,500 level, which Glassnode estimates as the average cost basis for ETF holders. That level acted as support in October after capping bitcoin's May rally. A break below it could pressure ETF investors sitting near breakeven and amplify selling, making it a key technical line for traders to watch.
Narrative history
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1H AGOYou’re reading thisBitcoin falls 3.7% to test $81,500 ETF cost basis as key supportThe Defiant · Score 55
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2H AGOCointelegraph · Score 45 · via $81.5K ETF, ETF cost
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13 OCT · 20:12Bitcoin.com News · Score 55 · via ETF cost, cost basis
