Bitcoin spot ETF investors are undergoing a stress test, with the market fluctuating around their entry price.

BlockBeats News, January 28 — The current average entry price for US Bitcoin spot ETF investors is approximately $86,000. As the market fluctuates around this entry price, ETF investors are facing a “faith” test: whether to bear the risk and hold or to take profits to avoid turning gains into losses. CryptoQuant analyst Moreno stated, “Historically, the entry price range acts as a psychological pivot point. When prices are above it, investor confidence is boosted and capital flows stabilize, whereas sustained prices below this area accelerate redemptions as investors lose profit buffers.”

Since October last year, the US Bitcoin spot ETF holdings have decreased by 8.4%, with cumulative capital inflows dropping from about $72.6 billion to approximately $66.5 billion. The ETF performance in the second half of January has also been disappointing, with net outflows on 6 out of 7 trading days, and only on January 26 did it see a net inflow of just $6.8 million.