Bitcoin is currently trading at approximately $87,000, closely aligning with the average entry price for spot ETFs, which stands at $86,600. Julio Moreno, head of research at CryptoQuant, highlights this price point as a significant "psychological threshold" for investors.
“This zone acts as a psychological pivot: holding above realized price reinforces conviction & stabilizes flows, while sustained trading below it tends to accelerate redemptions.” – Julio Moreno
Moreno suggests that investors are now at a crossroads: they can either endure the downturn or exit at break-even, as profit-taking remains unlikely. The realized price is crucial; maintaining a price above this level will help sustain investor confidence, while dipping below it could lead to increased redemptions as it would remove the "profit buffer" for holders.
Recent data from Moreno indicates that the peak cumulative inflow occurred on October 10, 2025, totaling $72.6 billion, but since then, the sector has experienced a net outflow of about $6.1 billion, bringing the current total to $66.5 billion, reflecting an 8.4% decrease.
