CryptoQuant Analyst: Bitcoin ETF Cost Basis Around $80,000, Will Form Resistance to Price Upside

DeepFlowTech · 2026-03-17T09:03:09+00:00

Chaotide TechFlow News: On March 17, CryptoQuant analyst Axel Adler Jr published an analysis stating that net inflows into Bitcoin spot ETFs have rebounded following concentrated selling in February. However, the current BTC price remains below the ETF holdings cost basis (approximately $80,000), indicating that the group as a whole is still in an underwater position. This price level will form resistance to upward price movement.

DeepFlowTech

2026-03-17 09:03:09

Deep Tide TechFlow News, on March 17, CryptoQuant analyst Axel Adler Jr. wrote that the net capital inflow into Bitcoin spot ETFs has rebounded after the concentrated sell-off in February. However, the current BTC price is still below the ETF holding cost (around $80,000), indicating that the overall group is still at a loss. This price level will act as resistance to upward movement.

BTC1.21%

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