Bitcoin could put the average ETF buyer back in losses this week
Summary
Bitcoin dipped to $82,775.94 on Sept. 29, near Bloomberg analyst James Seyffart’s estimated $81,722 average cost basis for Bitcoin ETF holders. A break below that level could put the average holder back in loss; Glassnode cites $84,000–$85,000 as a major long-term-holder supply zone, while Bitcoin’s 365-day moving average is $80,500. Wednesday’s PCE inflation release arrives alongside employment, GDP and revised economic data, potentially moving yields and Bitcoin. The article advises judging any price move by whether it persists after the initial volatility and whether yields, ETF flows and spot buying confirm it.
