coin-img-ETHETH+4.68%coin-img-ZAMAZAMA+76.45%coin-img-BTCBTC+3.38%coin-img-MOLTMOLT+91.75%coin-img-SOLSOL+4.48%coin-img-XRPXRP+2.38%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+4.11%coin-img-ETHETH+4.68%coin-img-ZAMAZAMA+76.45%coin-img-BTCBTC+3.38%coin-img-MOLTMOLT+91.75%coin-img-SOLSOL+4.48%coin-img-XRPXRP+2.38%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+4.11%coin-img-ETHETH+4.68%coin-img-ZAMAZAMA+76.45%coin-img-BTCBTC+3.38%coin-img-MOLTMOLT+91.75%coin-img-SOLSOL+4.48%coin-img-XRPXRP+2.38%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+4.11%coin-img-ETHETH+4.68%coin-img-ZAMAZAMA+76.45%coin-img-BTCBTC+3.38%coin-img-MOLTMOLT+91.75%coin-img-SOLSOL+4.48%coin-img-XRPXRP+2.38%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+4.11%

Bitcoin Spot ETF Holders Face 8%–9% Paper Losses with Average Entry Near $84,100

Investors who bought Bitcoin through U.S. spot ETFs hold an average cost basis of about $84,100, leaving them with roughly 8%–9% unrealized losses as Bitcoin traded around $78,500 on Feb. 3, Glassnode data show. This marks the second time ETF participants have been underwater, after Bitcoin briefly fell below $89,600 in November 2024, then viewed as the average cost for these investors. Bitcoin has dropped more than 35% from its 2025 peak and at one point fell below $77,000 in thin weekend liquidity, with analysts attributing the decline to fading inflows, weaker liquidity and reduced macro appeal.
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