Bitcoin ETF holders' average entry cost is $74,200; market structure requires improvement.

KuCoinFlash

Release Time: 04/15/2026 07:16:30

BTC

$77,856.30-0.14%

Summary

Bitcoin recently reached the average entry cost of U.S. Bitcoin ETF holders at $74,200, according to crypto quant analyst @AxelAdlerJr. Sustaining above this level could push ETF inflows into breakeven territory. Short-term holders average $83,734, forming key resistance. A drop below $74,200 signals weak market structure and potential ETF outflows. Closing the gap between ETF and short-term holder costs is vital for market improvement.

BlockBeats report, on April 15, crypto quantitative analyst @AxelAdlerJr noted that Bitcoin recently touched the average entry cost of U.S. Bitcoin ETF holders at $74,200. If Bitcoin can sustainably hold above this level, ETF holders as a whole will shift from loss to breakeven (neutral); if it falls below, it indicates that market structure remains weak and downward pressure persists. On the other hand, the cost basis for short-term holders (STH) is approximately $83,734, serving as the primary resistance level in the current market.

Analysts believe that the Bitcoin market structure will only show more significant improvement when the cost basis of Bitcoin ETF holders narrows further from the STH cost base.

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