Bitcoin (BTC) fell below the $86,000 mark, which is estimated to be the average purchase price (average cost) of recent US spot ETF investors, due to a short-term correction last night, The Defiant analyzed. The media explained, "According to an analysis by US-based cryptocurrency exchange Bitfinex, the average purchase price of US Bitcoin spot ETF investors is estimated to be around $86,000. As BTC fell below that price, funds recently flowed in through ETFs also entered an unrealized loss zone. US spot BTC ETFs saw net inflows of $999 million on Monday and $714.7 million on Tuesday, after which the BTC price fell below the price at the time of those inflows. Now, the key to the continuation of BTC's upward trend is whether continuous net buying continues at a price exceeding the average purchase price of ETF investors." According to CoinMarketCap, BTC is currently trading at $84,575.72, down 1.97%.
