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TechFlow News: On March 17, CryptoQuant analyst Axel Adler Jr. published an analysis stating that net inflows into Bitcoin spot ETFs have rebounded following concentrated selling in February. However, the current BTC price remains below the ETFs’ average holding cost (approximately $80,000), meaning this group as a whole is still in an unrealized loss position; this level will therefore act as resistance to upward price movement.
CryptoQuant analyst Axel Adler Jr. noted in a post that net inflows into Bitcoin spot ETFs have rebounded following concentrated selling in February. However, the current BTC price remains below the ETFs’ average holding cost (approximately $80,000), meaning this group is still collectively in an unrealized loss position—creating resistance to upward price movement at this level.
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