Bitcoin sits in deep value while ETF outflows keep pressure on BTC
The post Bitcoin sits in deep value while ETF outflows keep pressure on BTC appeared on BitcoinEthereumNews.com. Bitcoin remains in deep value territory after trading below two major on-chain cost-basis levels for about five months, according to Glassnode. The firm said BTC is still below the True Market Mean near $76,600 and the short-term holder cost basis near $72,200. Summary Bitcoin trades below key cost-basis levels, keeping deep value conditions active but still technically unconfirmed. ETF outflows have slowed, yet weak volumes show institutional demand has not fully returned. Long-term holder losses remain elevated, leaving sell-side pressure as Bitcoin’s main recovery barrier. These levels matter because they track the average price paid by active investors and recent buyers. When Bitcoin trades below both, many market participants hold coins at a loss. Glassnode said this phase can support long-term accumulation, but it has not yet confirmed a market bottom. Bitcoin recently