Glassnode data shows US spot $BTC ETF holders sitting at an avg cost basis of ~$81.5k
If we close below that and stay there, the entire ETF cohort goes underwater. That's when panic selling accelerates.
Watch this level closely — it's not just a number, it's the pain threshold for institutional bags.
If we close below that and stay there, the entire ETF cohort goes underwater. That's when panic selling accelerates.
Watch this level closely — it's not just a number, it's the pain threshold for institutional bags.