Bitcoin's price remains steady above $70,000, bringing spot BTC ETF investors close to their breakeven point of $79,900. This development coincides with increased buying activity, as on-chain data indicates a shift towards accumulation. The ETF holdings have grown by 26,636 BTC over the past month, reaching a total of 1,291,618 BTC.
The sustained rally above $70,000 has also seen Bitcoin reclaim its 100-day exponential moving average for the first time since October 2025, signaling a potential long-term uptrend. Market behavior across major exchanges shows a positive shift, with both retail and institutional investors leaning towards accumulation. Additionally, the spent-output profit ratio (SOPR) metric suggests that selling pressure has eased, with coins now trading at or above their cost.
Bitcoin Holds $70K as Spot ETF Buyers Near Breakeven
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