Bitcoin Struggles Below $65K Amid ETF Selling Pressure

Bitcoin struggles below key cost basis levels as ETF selling increases. Here's why this matters for traders moving forward. Bitcoin is currently under pressure, testing critical cost basis levels around $65,000. Recent insights from the crypto commentator @glassnode highlight that past buyers break even above $88,000, while ETFs have emerged as net sellers. This situation adds complexity to Bitcoin’s market dynamics and raises concerns among traders regarding future price movement. More information can be found in the original tweet . Bitcoin’s price is struggling to maintain momentum around the $65,000 mark, creating a tug-of-war between buyers and sellers.