📊 ON CHAIN UPDATE:

#Bitcoin breakeven levels just shifted.

The average entry for all spot $BTC flows since Jan 2024 sits at $90,200.

With today’s drop, the typical ETF holder is ~7% underwater (~$5K loss).

Historically, modest drawdowns like this don’t stop accumulation they test conviction, not trend.

Supply pressure is light.

Opportunity quietly builds.

#BTC Price #Analysis