Bitcoin ETF holders, sitting on paper losses, may throw in the towel

Spot ETF investors are now sitting on paper losses, which sets the stage for potential large redemptions. What to know : Bitcoin spot ETF investors are now sitting on average paper losses of about 15%, with an implied entry price near $90,200 per bitcoin. Being underwater could prompt redemptions from short-term traders, adding selling pressure. Long-term institutional capital is seen as relatively "sticky."