Bitcoin Falls Below $90K as Execs Predict a Market Bottom

Visit this link to make money with bitcoin and other cryptocurrencies – https://telegram.me/cryptosignalalert


Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch.

Bitcoin’s rapid pullback has pushed the average US spot Bitcoin exchange-traded fund (ETF) investor into the red for the first time since the products launched.

The flow-weighted cost basis across all US Bitcoin ETFs sits near $89,600, a level Bitcoin fell below on Tuesday, leaving the cohort underwater, Glassnode analyst Sean Rose told Bloomberg on Tuesday. Some early buyers, particularly those who entered when Bitcoin was between $40,000 and $70,000, still remain in profit.

“Even with the average ETF cost basis above spot, most ETF holders are long-term allocators, so being underwater doesn’t trigger quick exits,” Vincent Liu, the chief investment officer at quantitative trading firm Kronos Research.


Some huge profits in the premium group

By joining our Binance signal service, you can follow the Binance Futures Market trades of our experienced traders.

Our high-performance signals are trusted by many traders. You can rely on our experienced traders for reliable signals.

It’s easy to grow your Binance account by being part of our community.

With 6 years of experience, our team understands market fluctuations in the Bitcoin industry.

Join our Crypto Signals Pro Group to get the same benefits as our current members.

Comments

Popular posts from this blog

BTC Dumps to 2-Week Low With $350M in Liquidations

Is 2025 the Calm Before Crypto’s Big Change?

Bitcoin Climbs as Altcoins Struggle in Market Downturn