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US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unrealized losses, with little sign of fresh demand stepping in to reverse the trend.
Against this backdrop, Bitcoin’s slow grind lower is exposing a fault line at the heart of its post-ETF era.
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ETF Investors Underwater as Bitcoin Slips Below the $84,000 Cost Basis
According to…
