Glassnode uses the cumsum formula to calculate those moments when ETF has net inflows, corresponding to the $BTC price weighted average, which characterizes a very "behavioral" institutional cost anchor.
Currently, BlackRock's average cost is: $83,696; Fidelity's average cost is: $73,752; now BTC has fallen below BlackRock's average cost, launching a psychological impact on Fidelity investors.
No wonder during the past November and December, BlackRock investors were the main bearish players, and by January, Fidelity became the main seller.
If BlackRock mainly consists of institutional investors, while Fidelity has more ordinary retail investors, plus MSTR's current average cost is $76,040......
Now it's good, blessings can be enjoyed differently, but hardships must be shared! Let's all be family together!
Currently, BlackRock's average cost is: $83,696; Fidelity's average cost is: $73,752; now BTC has fallen below BlackRock's average cost, launching a psychological impact on Fidelity investors.
No wonder during the past November and December, BlackRock investors were the main bearish players, and by January, Fidelity became the main seller.
If BlackRock mainly consists of institutional investors, while Fidelity has more ordinary retail investors, plus MSTR's current average cost is $76,040......
Now it's good, blessings can be enjoyed differently, but hardships must be shared! Let's all be family together!