Bitcoin Price Defends $81.5K ETF Cost Basis Despite Rising Outflows
Bitcoin has twice defended the roughly $81,500 cost basis of U.S. spot ETF investors, even after $681 million in net ETF outflows last week and another $65 million shed on Monday. Glassnode Flags $77.5K if Bitcoin Loses ETF Cost Basis Bitcoin is testing whether institutional ownership has permanently changed the character of its market. The […]
Bitcoin is holding around $81,500, the estimated cost basis for U.S. spot ETF investors, after twice defending that level. The support test comes despite $681 million in net ETF outflows last week and another $65 million on Monday. Glassnode warns that losing this cost basis could open the door to $77,500, making it a key line for traders gauging whether institutional ownership has changed Bitcoin's market character.
