๐ $BTC remains trapped below key cost-basis levels.
Investors who bought Bitcoin over the past two years may reach breakeven above $88K, creating potential selling pressure as price approaches that level. Meanwhile, spot Bitcoin ETFs have turned into net sellers again. ๐
The #ETF cost basis near $81.5K has acted as support twice so far, making it a critical level to watch.
๐ $BTC needs to reclaim key cost-basis levels to strengthen its bullish structure. If $81.5K fails to hold, further downside pressure could emerge.
Investors who bought Bitcoin over the past two years may reach breakeven above $88K, creating potential selling pressure as price approaches that level. Meanwhile, spot Bitcoin ETFs have turned into net sellers again. ๐
The #ETF cost basis near $81.5K has acted as support twice so far, making it a critical level to watch.
๐ $BTC needs to reclaim key cost-basis levels to strengthen its bullish structure. If $81.5K fails to hold, further downside pressure could emerge.