Looking at the latest ETF data, the average cost basis for those holders is sitting right around $84K while $BTC price is still underwater near $77K. It got rejected cleanly on the first real attempt to reclaim that level, which doesn't surprise me at all. Holders stuck at that average have every reason to lighten up or exit on any push back toward breakeven. That $84K zone feels like solid resistance until some of that overhang clears. $ETH

#BTC Price Analysis# #ETH