The average unit price of Bitcoin spot ETFs is $57,000, a price level that is seen as a key support line for the bull market. In 2024, Bitcoin prices have remained above this level for most of the time, except for two brief dips. The first drop occurred on August 5 due to yen carry trades; the second was on September 6, when prices saw a sharp adjustment.

Despite the plunge in Bitcoin, this shows that investors in spot ETFs have shown some resilience.

As the average entry price for spot ETF investors, $57,000 has important psychological support significance. If the price of Bitcoin falls below this level, investors who bought at high levels may cause selling pressure due to stop losses.

However, as spot ETF investors have performed robustly during several major adjustments, this support is expected to persist. The success of spot ETFs is also to enhance investor confidence, promote market transparency, and attract more institutional investors to participate, making the prospects of Bitcoin as an asset class brighter. 👗➕：kiooo1026

Therefore, the average unit price of $57,000 is not only an important support level, but it is also likely to continue to be maintained even when prices fluctuate. As long as investors hold their positions, the future bull market of Bitcoin is likely to continue. #Meme浪潮持续，你看好哪一个？ #美国大选如何影响加密产业？ #BinanceLabs投资Lombard