Bitcoin Moves Above Key Cost Levels as ETF Demand Strengthens

Bitcoin has moved above investor cost-basis levels that acted as barriers to its recovery earlier this year, according to Bitcoin.com News.

The advance comes alongside stronger demand from exchange-traded funds and increased spot trading volume. Profit-taking has remained limited, adding to signs of a firmer market backdrop.

A quarterly options expiry worth roughly $14 billion is also working through the market. The report identifies the next significant onchain resistance level at around $96,700.