Analysis: The cost basis for Bitcoin ETF holders is approximately $74,200, and the current market structure still needs optimization.

According to Huoxun Finance, Bitcoin recently touched the average entry cost of $74,200 for holders of US Bitcoin ETFs. If it can maintain its position above this level, ETF holders will generally move from a loss to break-even; however, a break below this level indicates continued market weakness and persistent pressure. On the other hand, the cost basis for short-term holders (STH) is approximately $83,734, which is currently a major resistance level. Analysts point out that only when the gap between the cost basis of Bitcoin ETF holders and the STH cost basis narrows further can the Bitcoin market structure show a more significant improvement.