POPA ReconBTC is holding the ETF cost basis.
BTC is holding the ETF cost basis. That line sits near $81.5K, and every daily close for the last 3 weeks has held above it. A large block of bids waits just below. A break under this level could set off forced selling and deepen the drop. https://x.com/i/article/2110391618755031040
The excerpt is quoted from a public Telegram channel, which owns its text.