
U.S. spot Bitcoin ETF investors have returned to breakeven with an average cost basis near $82,000, aligning with Bitcoin's current trading price. This recovery follows a significant drop from Bitcoin's peak of $126,000 in October 2025 to around $60,000 in February. Despite heavy unrealized losses, ETF investors have largely held their positions, signaling growing institutional discipline. Recent inflows exceeding $530 million and steady buying suggest strong interest from traditional investors, potentially stabilizing Bitcoin's market by reducing reactive selling. Bitcoin now faces technical resistance near its 200-day moving average around $83,168, which will be key to sustaining the current upward trend.