Bitcoin Falls Below $90,000, Pushing Average Spot ETF Holder Into Loss

Bitcoin dropped below $90,000 on November 17, marking its first time trading beneath this level since April. The decline pushed the average spot ETF investor into unrealized losses, with the flow-weighted cost basis across all ETF inflows standing at approximately $89,600, data show. The cryptocurrency now trades more than 30% below its record high above $126,000 reached in early October.