Glassnode has reported that Spot Bitcoin ETF inflows have accounted for 4-5% of Bitcoin's total market capital since January 2024. This indicates a significant market movement and growing interest in Bitcoin ETFs.
The cost basis for these Spot Bitcoin ETFs ranges between $54,900 and $59,100, which are currently acting as stress points. This highlights specific pricing areas where investors are reportedly feeling financial pressure or making strategic investment decisions.
