Glassnode: BTC Supported Twice by ETF Cost Basis, Key Support Below at $77,500
Source：
x.com
According to analysis by on-chain data platform Glassnode (@glassnode), Bitcoin's price has rebounded from the ETF cost basis, trading below this threshold for most of the year, while May's rally also stalled beneath it. Currently, BTC has found support near $81,500 twice, and the ETF cost basis is transitioning from a "resistance level" to a "support level." If this level breaks, the next major support lies at the Realized Price of $77,500.
