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Bitcoin Drops Below Average Cost Basis of U.S. Spot ETF Holders, Undergoes 'Stress Test'

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Bitcoin has dropped below the average cost basis of U.S. spot ETF holders, currently around $84,000, triggering ETF outflows as unrealized losses accumulate. Glassnode analyst Chris Beamish called this the first real stress test for ETF investors, who may respond with buying or panic-selling after U.S. markets open. ETF inflows have slowed amid the price decline, raising questions about investor resilience.

BlockBeats news: On February 2, according to Glassnode analyst Chris Beamish, Bitcoin has now fallen below the average cost basis of U.S. spot ETF holders (approximately $84,000), resulting in unrealized net losses for ETF buyers.


Chris Beamish said this is the first real stress test for holders of U.S. spot ETFs. After the U.S. stock market opens, investors will decide whether to buy in or panic-sell, and tonight may bring a "stress test."

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