Bitcoin’s drop leaves U.S. spot ETF holders below an aggregate average cost basis of $83K after BTC was rejected at that level, which then acted as resistance.
U.S. spot Bitcoin ETF buyers are now sitting on an estimated 24% unrealized loss, with Bitcoin trading near $63K against an aggregate average cost basis of $83K. The latest selloff began after BTC was rejected from that $83K cost basis level, which then acted as resistance. The figures point to broad paper losses for ETF investors as Bitcoin trades well below the average entry point implied by aggregate fund buying.