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Bitcoin tests ETF cost basis

Story timeline · 3 updates, 22 Oct to 29 Oct 2026

Glassnode said Bitcoin was retesting the roughly $81,000 cost basis of ETF holdings, a level that capped its May rebound. Bitcoin has pulled back to about $80,800, with the average spot ETF cost basis near $81,500 and buyers' breakeven around $87,000. Matt Mena of 21Shares now puts key support near $80,000…

Every update, oldest first

  1. Glassnode says Bitcoin is retesting $81,000 ETF cost basis

    Glassnode says Bitcoin is again testing the roughly $81,000 cost basis of ETF holdings, a level that capped its May rebound and was briefly breached last week before recovering. A decisive close below it could send the price toward the $70,000 range, Glassnode says.

    BitcoinPANewsAIBearish

  2. Bitcoin faces resistance at $87,000 as Glassnode flags ETF cost basis near $81,500

    Bitcoin has pulled back to about $80,800, with Glassnode data showing buyers from the past two years have a breakeven near $87,000, where selling capped two rebounds this year. The average spot Bitcoin ETF cost basis is about $81,500, leaving those investors in loss on average, while Polymarket prices a 17% chance of $100,000 this year.

    BitcoinCoinNessAIBearish

  3. Matt Mena says Bitcoin's key support sits near $80,000 as recovery lags 2023

    Bitcoin's rebound is weaker than in 2023, gaining 38% from its low versus about 75% then, with Glassnode data showing volatility near 25%. Matt Mena of 21Shares says key support is around $80,000, with $77,000-$78,000 and $75,800 possible if it fails.

    BitcoinCoinNessAIBearish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.