Bitcoin has returned to the $86,000 level, its highest since late January, allowing Bitcoin spot ETF holders to turn profitable again. The average cost basis for ETFs is estimated at $81,722 per Bitcoin. Daily net inflows into these investment vehicles reached a local record of $998.95 million on September 21. According to Glassnode analysts, this upward movement is driven by spot buyers, while leverage and profit-taking are rising slowly with price, without signs of excessive market overheating.
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