Analysis: Bitcoin holds ETF cost basis; a break below $81,500 would open the door to $77,500.

PANews October 13 news: glassnode posted on X platform that Bitcoin has rebounded from the ETF cost basis level. For most of this year, its price has traded below this level, and the May rally was also blocked below this position. Currently, Bitcoin has twice held this level as support near approximately $81,500. If it breaks below this position, the next major support level is the true market mean near $77,500.

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