$It is very important that you know how the world is going, especially since we are in ETF
The orange line: This is the real price of Bitcoin in the market.
The blue line: This is the average purchase price of the ETF funds that buy Bitcoin spot.
This means approximately “the average at which the large funds bought.
When the orange price is above the blue, the funds are winning.
When it drops below, the funds are losing.
The part below in green and red:
This shows you how much the funds are winning or losing in dollars.
When the column is green, they are winning.
When the column is red, they are losing.
What is happening now?
The chart shows that recently (November 2025) the funds have become slightly losing because the price of Bitcoin dropped significantly.
Before that, they were winning a lot when the price reached 125,000.
The blue line is slowly rising, which means they are continuously buying over the whole year.
In summary
The large funds were winning a lot in the past period
But with the recent drop, they entered a slight loss.
This indicates that Bitcoin is now below their average purchase price
And therefore it may encourage them to buy again if they see the price as cheap for them.
