By Isaac • October 22, 2026 7:27 pm •
Bitcoin is sitting on a level that matters for more than technical analysis. Around $81,500 is the estimated average cost basis of US spot Bitcoin ETF buyers.
With price trading on both sides of that line, Wall Street’s newest Bitcoin holders are being tested in real time.
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Cointelegraph found Bitcoin as low as $81,256 on Bitstamp Thursday, down roughly 2.9% on the day. Stocks weakened as geopolitical headlines pushed investors toward a more defensive posture.
The report placed the pullback against Wednesday’s push toward $85,000 and the average spot ETF cost basis near $81,500. That turned the decline into a direct test of recent institutional buyers rather than an ordinary intraday dip.
President Trump said the
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