📊 The morning’s pick-a-side post got flipped on its head by lunchtime: the 80K floor still hasn’t broken—for now.
$BTC dipped to just 80.4K before getting scooped back up. It’s now at 82,428 (-0.6%), holding above the key level. But BTC holding steady doesn’t mean everything is steady: $ETH is at 2,493 (-3.1%), while SOL at 110 (-4.4%) leads the declines. The rest are still playing catch-up on the downside.
The biggest thing worth discussing today: foreign media estimate that prices have fallen below the average cost basis of ETF holdings. That “ATM” from last night is now dispensing unrealized losses to the average holder. Nobody knows whether they’ll sell at a loss or ride it out, but the area around the cost basis is never calm.
Pick a side: now that BTC is holding above 80K, will altcoins—
A. Catch up with a rally and share in the gains
B. Watch BTC go solo while altcoins keep getting battered
I’m going with B. The floor-renovation crew has packed up and left.
Drop your letter in the comments 👇
Not investment advice. DYOR
#Bitcoin #Crypto #ETF
$BTC dipped to just 80.4K before getting scooped back up. It’s now at 82,428 (-0.6%), holding above the key level. But BTC holding steady doesn’t mean everything is steady: $ETH is at 2,493 (-3.1%), while SOL at 110 (-4.4%) leads the declines. The rest are still playing catch-up on the downside.
The biggest thing worth discussing today: foreign media estimate that prices have fallen below the average cost basis of ETF holdings. That “ATM” from last night is now dispensing unrealized losses to the average holder. Nobody knows whether they’ll sell at a loss or ride it out, but the area around the cost basis is never calm.
Pick a side: now that BTC is holding above 80K, will altcoins—
A. Catch up with a rally and share in the gains
B. Watch BTC go solo while altcoins keep getting battered
I’m going with B. The floor-renovation crew has packed up and left.
Drop your letter in the comments 👇
Not investment advice. DYOR
#Bitcoin #Crypto #ETF