ETF giants hold 6% of Bitcoin – But BTC at $73K could break their patience

• The Bitcoin Bitcoins score is 1.43, which means there is currently limited profitability.
• The average cost is around $ 73,000 and investors are still in positions, showing that the market structure remains strong.

Bitcoin [BTC] The tide of the ETF has reappeared and institutional investors are tightening their adhesion to the offer.

More than 1.23 million BTC, ie about 6.2% of the circulating delivery, is now locked in bitcoin point ETFs. This is 6 of every 100 coins, signaling growing confidence in BTC as a long -term allocation.

Still stated that the ETF was still in the average profit zone. In fact, it is deep below 3.7 maximum observed during previous bull cycles.

Historically, profits in this range were enough for traditional players to trim positions. Will this time be different?

BTC ETF vs. the address of the holder

Blackrock’s ibit had at the time of the press most Daily tide with adding $ 692,000. FBTC Fidelity followed $ 200,000.

GBTC Grayscales, however, saw several drains about $ 185,000. This was indicated by another institutional building, the head of Blackrock, which had a total of 692,876 BTC.

The spread of shares across ETF providers emphasizes not only participation, but also the expansion of trust in traditional finances.

Since the total ETF addresses are approaching 1.5 million BTC, the uptrend was clear from November 2024, despite several periods of pauses.

$ 73K: Output signal or strength?

Recent BTC ETF analysis has revealed an average cost of around $ 73600 – ongoing GBTC – acting as a significant level of support during market repairs.

This level represents a medium point for conservative investors, who often prefer profits rapidly compared to long -term crypto holders.

Traditionally, these investors consider 40-50% profits to be reasonable.

But depending on what happens to the bull’s mobility and tightening the van, they can wait longer and focus on higher multiples.

A relatively slight ratio of MVRV means that the pressure on profit is not stunning.

Overall, the indicators were positive in terms of BTC ETF activities, although it must be carefully accepted because the profit margins were weak at the time of the press.