On January 28, the average entry price for U.S. Bitcoin spot ETF investors is approximately $86,000. According to BlockBeats, the market is fluctuating near this entry price, posing a test of "conviction" for investors. They must decide whether to continue holding their positions or take profits to avoid potential losses. CryptoQuant analyst Moreno notes that historically, entry price ranges serve as psychological pivots. Prices above this range boost investor confidence and stabilize fund flows, while sustained prices below accelerate redemptions due to diminished profit buffers.
Since October last year, the holdings of U.S. Bitcoin spot ETFs have decreased by 8.4%, with cumulative inflows dropping from around $72.6 billion to approximately $66.5 billion. The ETF's performance in the latter half of January has been poor, with net outflows on six out of seven trading days, and only a modest net inflow of $6.8 million on January 26.
