Bitcoin Tests 200-Week Moving Average as ETF Holders Face Record Losses
Bitcoin is trading near $62,730 while testing the 200-week moving average for the first time in the current cycle, with ETF holders facing approximately 14% unrealized losses and a cost basis around $72,400. An estimated $10.5 billion has flowed out of Bitcoin ETFs since October 12, signaling investor pressure amid declining valuations and potential further downside to the $53,000–$54,000 support level.


