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$BTC tried to push higher, but the rally ran straight into a wall near the average Spot ETF entry price around $83K.
Many ETF investors who had been sitting in losses finally got a chance to exit at breakeven, adding heavy selling pressure just as fresh demand slowed down.
This level now matters more than ever. A strong reclaim could put the average ETF holder back in profit and bring confidence back to the market. Until that happens, every move higher may continue to face sellers looking to reduce risk.
The battle isn't just about price anymore. It's about sentiment, positioning, and who blinks first.