Breakeven levels often act as selling zones. Based on that perspective, the $76,000 area could be risky because it brings Strategy’s position back to its average entry price, and many large holders might consider reducing exposure.
ETF Pressure And Bitcoin Cost BasisSherlock also pointed to Spot Bitcoin ETFs as another source of pressure that might lead to a bull trap. As it stands, about 1.28 million BTC are currently held in these funds, with an estimated average entry price between $84,000 and $90,000.
