Bitcoin ETF Investors Break Even as Cost Basis Nears $82,000

Bitcoin (BTC) spot ETF investors in the U.S. have effectively “caught up” to the market after enduring their deepest paper losses since launch, with on-chain data showing the cohort’s average cost basis now sitting near $82,000—roughly in line with BTC’s current trading range.

As of Wednesday ET, Bitcoin was changing hands around the $82,000 level. The rally has been steady rather than explosive: on Tuesday ET, BTC briefly reached $82,305, marking its highest level since Jan. 31, and has gained about 5.4% over the past five days. On a weekly basis, Bitcoin is up roughly 6%, with traders…  Read more

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