Summary
- Bitcoin spot ETF investors are recording unrealized gains averaging in the 30% range.
- The average purchase price for Bitcoin short-term holders is $92,200, which serves as a key support level.
- Ethereum spot ETFs are showing positive momentum with capital inflows of 145,000 ETH.
Bitcoin spot ETF investors are showing unrealized gains averaging in the 30% range.
On the 17th (local time), Glassnode reported via X that "2,214 BTC have flowed out of Bitcoin spot ETFs in February," adding that "this indicates an overall slowdown in trading activity rather than a change in investment sentiment." They further stated that "Bitcoin spot ETF investors are currently recording returns of about 30% compared to the spot price" and that "this had little to do with recent selling pressure."
They also added that "the average purchase price of Bitcoin short-term holders ($92,200) acts as a key support level" and that "if the price falls further, support will form at $81,000."
Positive trends in Ethereum spot ETFs were also mentioned. Glassnode explained that "Ethereum spot ETFs have seen inflows of 145,000 ETH to date," noting that "this is 7 times the total inflow volume from January."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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