Standard Chartered: Since the US election, the average purchase price of spot Bitcoin ETFs is about $97,000 each. The current loss for buyers has reached approximately $1.3 billion
On Wednesday, the price of Bitcoin fell 3.6% to about $85,600, a drop of 15% over the past month. In just a few days, more than $800 billion has evaporated from the global cryptocurrency market. The outflow of funds from spot Bitcoin ETFs exceeded the previous daily record high of $671 million. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank estimates that since the US election, the average purchase price for spot Bitcoin ETFs is approximately $97,000 per coin. This means that buyers have lost about $1.3 billion during this period.
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