US Bitcoin spot ETF investors face entrance price pressure test

On January 28th, the average entry price for US Bitcoin spot ETF investors was around $86000, and the market is currently fluctuating around this price range, with investors facing the choice of whether to continue holding or take profits. CryptoQuant analyst Moreno pointed out that the entry price range has a significant impact on investor psychology, with prices higher than this enhancing confidence and prices lower than this potentially accelerating redemptions. Since October last year, the holdings of US Bitcoin spot ETFs have decreased by 8.4%, with capital inflows dropping from approximately $72.6 billion to approximately $66.5 billion. The performance in the second half of January was poor, with net outflows in 6 out of 7 trading days, and only a net inflow of $6.8 million on January 26th.