Analysis: The cost for Bitcoin ETF holders is approximately $74,200, and the current market structure still needs optimization
Cryptocurrency quantitative analyst @AxelAdlerJr stated that btc-42">Bitcoin recently reached an average entry cost of $74,200 for U.S. Bitcoin ETF holders. If Bitcoin can maintain a position above this level, ETF holders will shift from losses to breakeven (neutral); if it falls below, it indicates that the market structure remains weak and pressure continues.
On the other hand, the cost basis for short-term holders (STH) is approximately $83,734, which is the main resistance level in the current market. Analysts believe that only when the cost of Bitcoin ETF holders further narrows the gap with the STH cost basis can the Bitcoin market structure see a more significant improvement.
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