The cost price of a Bitcoin ETF is approximately $80,000; caution is advised regarding resistance at this price level.

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MarsBit
03-17
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According to Mars Finance, on March 17th, CryptoQuant analyst @AxelAdlerJr stated that while recent inflows into Bitcoin spot ETFs have rebounded, the Bitcoin price remains $5,174 (approximately $80,000) lower than the ETF realized price (which can be roughly considered the average cost of Bitcoin held by the ETF). The analyst indicated that a recovery in demand could drive prices higher, but the resistance level around $80,000 could trigger profit-taking. Further macroeconomic data should be monitored to assess the potential for a breakout.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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