【Crypto Gossip】BlockBeats latest news, 10x Research founder Markus Thielen revealed in his latest report that he estimates the average entry price for Bitcoin ETF buyers is $60,000 to $61,000. If the price of Bitcoin returns to this level, it may trigger a wave of liquidations, which is jaw-dropping.

Thielen also revealed an interesting fact. When Bitcoin fell to $56,500 on May 2, BlackRock said that "sovereign wealth funds and pension funds" were about to enter the market, which helped to stop the decline. However, now BlackRock says that 80% of the buying funds in the IBIT ETF came from retail investors, not institutions.

It seems that the market situation of Bitcoin is much more complicated than we thought. It is not just a game for big players, but small retail investors also play an important role in it. What do you think? Welcome to share your views in the comment area, let us explore the future direction of cryptocurrency together!