Bitcoin Surpasses Key Cost Basis After Four Weeks of Decline
- Bitcoin recovered, ending a four-week streak of losses.
- The cryptocurrency surpassed the $89,600 flow-weighted cost basis of Bitcoin ETF holders.
- This cohort is currently the most significant driver of BTC inflows.
The recovery in Bitcoin’s price highlights its resilience after a challenging month, with key investors such as Bitcoin ETF holders playing a crucial role in this rebound.
As Bitcoin surpasses the $89,600 threshold, it signals renewed interest from major investors following weeks of downturns.
