Bitcoin must absolutely maintain the $55,000 threshold to remain in the bull run phase. đ€«
đ According to a report by Glassnode, analysts point out that given the major role of BlackRock, Fidelity, and Grayscale in Spot ETFs, it is possible to estimate the average purchase price of Bitcoin for investors who have placed their funds in these ETFs.
đ This helps identify the price level that could influence investor sentiment.
đ Average purchase prices range from $59,000 for BlackRock to $55,000 for Fidelity.
đ It is therefore crucial that Bitcoin remains above $55,000, in order to avoid panic among these investors!
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