While the price of Bitcoin 
$78,680 remains steady around $87,000, it hasn’t managed to reach higher peaks yet. Reclaiming the $90,000 mark would have been reassuring. However, recent BTC ETF figures reveal that investor sentiment hasn’t fully recovered. This means that the current upward trend might still be a trap, and sustaining at least $88,000 is crucial for the coming days and hours.
Bitcoin ETF’s Financial Impact
We have been monitoring several key cost levels up to this point. Losing the cost zone of short-term investors accelerated the downward trend. The threat to MSTR’s cost region has heightened fear in past years. Now, as ETFs have entered our lives by 2024, the average cost of ETF investors emerges as a key area that requires close monitoring.
For this very reason, analyst anlcnc1 focused on this topic. On November 21, he wrote that the average cost for ETF investors was $82,000 and that closing below this level would pose significant problems. As expected, the price found a bottom just below it. Today, he shared the updated chart and commented:
“Currently, we are far from the average cost of Bitcoin ETFs, and it seems we’ve received a temporary response. I wanted to wait before sharing. The 82K remains the cost zone. They said, ‘Let’s not suffer; you’ve suffered enough.’
Opinions on Cryptocurrency
Here’s a quick summary. Market expectations regarding the Fed’s interest rate cuts have significantly improved. Unless there’s a surprise, the cut seems more certain. Peace talks in Ukraine are progressing well, with delegations reaching consensus on agreement terms. The end of the war would be positive for cryptocurrencies.
On another note, by December, the Fed will shift to monetary expansion. With the end of quantitative tightening (QT), 2026 is expected to be a year of strengthened liquidity. In an environment where money is cheap, both cryptocurrencies and stock markets should grow. Debates around the AI bubble are diminishing, and the government is likely to announce support and guarantees soon. Artificial intelligence has become such a significant investment area influencing the future of all major tech companies. Wanting it to collapse is akin to wishing for the fall of the US, while Trump will do everything he can.
ETH ETF saw positive inflows yesterday, which is encouraging. Overall, we can say the worst is over in the crypto market. However, when it comes to crypto, being too sure usually offers painful lessons.
