[Bitcoin Spot ETF Investors Face Stress Test as Market Fluctuates Near Entry Price] BlockBeats News, January 28: The average entry price for U.S. Bitcoin spot ETF investors is currently around $86,000. As the market fluctuates near this entry price, ETF investors are facing a test of their 'conviction'—whether to take on the risk and continue holding or to take profits and avoid the possibility of turning gains into losses. CryptoQuant analyst Moreno stated, 'Historically, the entry price range acts as a psychological pivot. Prices above this level boost investor confidence and stabilize capital flows, while prices consistently below this range accelerate redemptions as investors lose their profit cushion.' Since October last year, the holdings of U.S. Bitcoin spot ETFs have decreased by 8.4%, with cumulative inflows dropping from approximately $72.6 billion to about $66.5 billion. The second half of January also saw poor ETF performance, with net outflows on 6 out of 7 trading days. Only January 26 recorded a modest net inflow of just $6.8 million.