Bitcoin: Here’s why $85K has become a critical level for BTC!
Despite a strong year for institutional crypto adoption in 2025, Bitcoin is facing a critical test at the $85,000 level. This price represents the average cost basis for U.S. spot Bitcoin ETFs, putting ETF holders at a breakeven point and making it a key technical support. However, institutional demand has weakened, with ETFs seeing net outflows. On-chain data shows long-term holders are taking profits and short-term holders are capitulating. The bearish sentiment is further confirmed by a negative Coinbase Premium Index, indicating muted buying interest from U.S. investors. Consequently, the $85k support is fragile, and a deeper correction remains a significant risk if ETF holders begin to sell.
ambcrypto12/21 08:02