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Bitcoin Falls 3.7% to Test $81,500 ETF Cost Basis

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 22/10/2026, 16:57:24 UTC.

Briefings

Glassnode's October 19 data indicates Bitcoin ETF holdings provided support, preventing a May rally from exceeding $81,500. This level now serves as the cost basis for potential ETF purchases, with the article dated October 22, 2026.

Key points

• Glassnode's estimated ETF holding cost, last dated October 19, has acted as support in October after capping Bitcoin's May rally.
• Bitcoin's May rally was capped at $81,500, which has become the new cost basis for ETF purchases.

Context

Bitcoin ETFs are a key market factor for Bitcoin's price action. The article suggests ETFs may now be a primary driver for Bitcoin's price, as the ETF cost basis is now $81,500.

Limitations

Data is limited to October 19, 2026, and Glassnode's estimates are not confirmed. The article is a preprint and the link to the full story is unavailable.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 22/10/2026, 17:00:13 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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