Faith recharge🤫This price is very meaningful🤫Strong support🤫
Data disclosed by on-chain analysis company Glassnode shows:
BlackRock, Fidelity and Grayscale are the largest spot Bitcoin ETFs in the United States, with a total value of US$58 billion
The cost benchmark for depositing Bitcoin into ETFs is between US$54,900 and US$59,100
It can be clearly seen from the figure that since the BTC spot ETF was passed, it has experienced a week of decline and washing. After that, even the financial market crisis on August 5 only briefly fell below the cost of the institution
At this stage, 55,000 and 59,000 can be used as faith support. This is the cost support of the institution's real money. If one day it falls below their cost price and remains stable, they will be shorted decisively, and the sky will fall.
