Bitcoin Spot ETF Holders Face Average Unrealized Loss of $5,174 Despite Institutional Demand Recovery

$80,000 Emerges as a Critical Immediate Barrier

On March 17, Axel Adler Jr., an analyst at CryptoQuant, pointed out that holders of the U.S. Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) are still facing an average unrealized loss of $5,174 (approximately 750,000 yen). While institutional investors are buying back, structural selling pressure remains a hindrance to price increases.

On March 17, Bitcoin reached $76,000, marking its highest price since early February...