Glassnode estimated that U.S. spot Bitcoin ETFs acquired their holdings at an average cost basis of approximately $81,500 per Bitcoin

The first and largest cryptocurrency, spanning its price and adoption, mining, protocol politics, and its contested role as digital money and inflation hedge.

Exchange-traded funds that hold Bitcoin for stock-market investors, with their fund flows, competing issuers and regulatory approvals.

Reading public blockchain data such as wallet flows, exchange balances, and holder behavior to gauge market activity and sentiment.