Bitcoin Holds Near $81,500 ETF Cost Basis as Outflows Continue

Bitcoin has twice held around $81,500, a level identified as the approximate cost basis for investors in U.S. spot bitcoin exchange-traded funds, Bitcoin.com News reported.

The price support has persisted despite net withdrawals from those funds. Outflows totaled $681 million last week, followed by a further $65 million on Monday.

Glassnode identified $77,500 as a level to watch if bitcoin falls below the ETF investor cost basis. The repeated tests come as the market assesses how institutional participation is influencing bitcoin’s price behavior.