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Bitcoin Price Defends $81.5K ETF Cost Basis Despite Rising Outflows

Published Source: Bitcoin.com NewsRead original

Crypto Insight 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 […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF outflows are being absorbed, but lack of clear direction suggests consolidation.

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Bitcoin Price Defends $81.5K ETF Cost Basis Despite Rising Outflows — Crypto Insight