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 […]
Story summary
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 […]
Follow the latest stories from trusted publishers with concise summaries. Open the original source link for details.