Bitcoin ETF Investors in the Red After $89,600 Level Breaks
Market Intelligence Analysis
AI-PoweredInvestors in US Bitcoin ETFs are experiencing losses as the average cost basis of $89,600 has been breached by the current Bitcoin price, leaving them in the red.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Investors in US exchange-traded funds that offer direct access to the cryptocurrency are now sitting on collective losses. The average cost basis across all ETF inflows sits at approximately $89,600, according to Sean Rose at Glassnode — a level Bitcoin breached on Tuesday. When Bitcoin trades below that line, the cohort is in the red.
Analysis and insights provided by AnalystMarkets AI.