Bitcoin Tests Key ETF Cost Basis: But Bears Aren’t Done Yet

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Bitcoin climbed over 5% over the past 24 hours to nearly $75,000, alongside a broader rally. The crypto asset is also trading above a crucial structural level that could redefine market positioning. But pressure beneath the surface is still building quietly. According to the latest report by Axel Adler Jr, Bitcoin is currently testing a critical structural level as its price converges with the ETF Cost Basis at $74,232, which represents the average acquisition price of BTC held by US-based exchange-traded funds. After spending several weeks below this range, the market has now brought the ETF cohort back to br

Source: https://cryptopotato.com/bitcoin-tests-key-etf-cost-basis-but-bears-arent-done-yet/