Bitcoin Returns to ETF Holders’ Breakeven Price, and $729 Million Heads for the Exit

Bitcoin’s return to the average spot ETF holder’s breakeven price coincided with roughly $729 million in net ETF outflows, suggesting investors used the rebound to reduce exposure rather than add to positions. The outflows point to weak near-term demand and potential selling pressure, though breakeven is an estimated average and does not indicate that all ETF holders are in profit or exiting.