Bitcoin ETF Investors Face First Major Test at $79,300 Average Cost Basis

Bitcoin exchange-traded fund holders may face their first significant pressure test as the cryptocurrency trades near key support levels. Data shows the average purchase price for U.S.-based ETF investors sits around $79,300, with the asset currently trading at approximately $84,500 after declining over 11% in the past week. Analysts warn that a breach below this cost basis could trigger panic selling among retail participants who have not experienced previous Bitcoin market cycles.