📊 U.S. spot #Bitcoin ETFs are closing in on break-even after suffering an ~$18B drawdown earlier this year.
Glassnode data shows the #ETF complex now has its break-even level around $86K, making institutional cost basis an important resistance zone. $BTC needs to reclaim and hold above this level to unlock stronger upside momentum.
👉 #ETF demand is recovering, but $83K–$86K remains a major ceiling for #Bitcoin . A clean breakout above it could significantly strengthen the bullish structure. 📈
Glassnode data shows the #ETF complex now has its break-even level around $86K, making institutional cost basis an important resistance zone. $BTC needs to reclaim and hold above this level to unlock stronger upside momentum.
👉 #ETF demand is recovering, but $83K–$86K remains a major ceiling for #Bitcoin . A clean breakout above it could significantly strengthen the bullish structure. 📈
