📉 $BTC ETFs are experiencing their first true bear market, and it's painful.



The estimated cost basis of ETF holders currently stands around $72 400, meaning ETF issuers are sitting on roughly 14% unrealized losses with Bitcoin trading near $62 000.

Since the peak in capital invested across Bitcoin ETFs, the sector has now entered its deepest drawdown on record.

💥 An estimated $10.5 billion has exited Bitcoin ETFs since October 12, highlighting the scale of this capital exodus.

This also underscores just how weak demand remains in the current market environment.

#MyGateTradeStory
BTC1.16%
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