Bitcoin has rallied above the estimated average cost basis of $81,722 for ETF holders, returning them to profitability for the first time since January.
Macro & Markets ·
Bitcoin has rallied past $81,722, the estimated average cost basis for spot Bitcoin ETF holders, returning them to profitability for the first time since January. The move represents a significant recovery for the cohort, which had remained underwater throughout the preceding months despite broader market activity.
The figure of $81,722 reflects the weighted average entry price across Bitcoin ETF portfolios, a metric tracked by analysts monitoring institutional and retail inflows into spot products. Establishing profitability at this level signals meaningful price recovery, though it does not indicate gains beyond that threshold—only a return to break-even territory for the average holder.
Broader market context shows Bitcoin has moved considerably higher in recent trading, with the asset surging past $87,000 on ETF inflows before settling near $86,000, while altcoins rallied in tandem. What remains unclear is whether this profitability milestone will hold or how subsequent price volatility might affect the cost basis itself as new ETF flows continue.