Analyst: Bitcoin ETF Holders Are $5K Underwater Even as Institutional Demand Returns
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Bitcoin reached $76,000 on March 17, its highest since early February, driven by institutional inflows into U.S. spot ETFs and a multi-day recovery after heavy February outflows; highlights crypto adoption and ETF fund flows. Analyst warns ETF holders face an average unrealized loss of $5,174, a constraint that could cap price action around the $80,000 mark, posing a short-term risk to momentum.
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Bitcoin (BTC) touched $76,000 on March 17 to register its highest price level since early February, as institutional investors continued to put money into U.S. spot ETFs, extending a multi-day recovery streak coming after heavy outflows in February.
However, the rebound in demand is running into a key constraint, according to analyst Axel Adler Jr., with ETF investors still sitting on an average unrealized loss of $5,174, which he says could affect price action around the $80,000 mark.
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