CryptoQuant: The cost price of Bitcoin ETF is about $80,000, and caution is needed for resistance at this price level

CryptoQuant analyst @AxelAdlerJr stated that there has been a rebound in the inflow of funds into Bitcoin spot ETFs recently, but the Bitcoin price is still $5,174 lower than the ETF realization price (note: this can be approximated as the average cost price of Bitcoin held by the ETF), which is about $80,000.

The analyst mentioned that a recovery in demand could drive prices upward, but the resistance level around $80,000 may trigger profit-taking, and it is necessary to pay attention to subsequent macro data to assess the potential for a breakout.