Glassnode
Bitcoin has closed above the ETF cost basis near $81.5K every day for the past three weeks. A large block of bids is waiting just below that level.
Why it matters
The sustained closes make the cost basis a key support level to watch. Holding above it keeps the current market structure intact, while the nearby bids may provide another layer of demand.
Market impact
A break below $81.5K could trigger forced selling and deepen the decline. The level's ability to hold, and whether bids below it absorb selling, are the main signals to monitor.
Frequently asked questions
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Where is the ETF cost basis level Bitcoin has held?
The level is near $81.5K. Bitcoin's daily closes have remained above it for the past three weeks.
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How long has Bitcoin closed above the ETF cost basis?
Every daily close for the last three weeks has held above the cost basis near $81.5K.
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What sits just below the $81.5K level?
A large block of bids is waiting just below the ETF cost basis.
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What could happen if Bitcoin breaks below the cost basis?
A break below the level could set off forced selling and deepen the decline.
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Why is the ETF cost basis important for BTC traders?
It is a key support level to watch: Bitcoin has stayed above it, while a break below could bring forced selling.
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