【New developments】BTC’s sharp decline continues: down over 4% in 24 hours to around $80,989. Glassnode has drawn a line in the sand: $81,500 must hold. That’s the cost basis of spot ETF holdings, and a break below it would mean institutional buyers are collectively underwater. The next support is $77,600, with $74,800 as the worst-case level. Meanwhile, IBIT still bought 384.77 BTC that day, worth around $31.4 million: buying hasn’t stopped, but the price can’t hold above the cost basis. Can $81,500 hold? Comment 1 if bullish, 2 if bearish.
$BTC $ETH $SOL
#比特币 #Glassnode #BitcoinETF
(Source: Finbold/Glassnode)
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