Bitcoin’s US ETF realized price is $79.3k, which makes it the first real stress level for these holders. most ETF flow comes from retail brokerage accounts, not seasoned crypto investors.
above that line the holders feel confident. below it, they face losses for the first time, which raises the risk of emotional selling.
how price behaves around $79.3k will show whether this group strengthens the trend or adds volatility to it.
