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 […]
Key Takeaways
- 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.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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