Fresh Bitcoin Sell-Off Leaves the Average ETF Investor Underwater

Bitcoin can’t catch a break in the past few weeks, as it dumped once again early this morning to a new seven-month low of $85,000 on most exchanges.

This means that the asset has lost over $20,000 in just ten days, as it peaked above $107,000 on November 11. Amid speculations about the state of the market and analysts wondering if the bears are in complete control now, this massive plunge has put the average BTC ETF investor in the red, according to data shared by Bianco Research’s Jim Bianco.