BREAKING
47d 23h ago

Bitcoin ETF Bitwise IBIT Profit Rebounds to $3.2B as Bitcoin Surges Past $90,000

BTC

BTC/USDT

$94,989.78
+3.23%
24h Volume

$31,360,651,998.42

24h H/L

$96,495.00 / $91,787.61

Change: $4,707.39 (5.13%)

Long/Short
57.4%
Long: 57.4%Short: 42.6%
Funding Rate

+0.0068%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$95,077.57

-0.35%

Volume (24h): -

Resistance Levels

Resistance 3$108,117.07
Resistance 2$102,863.00
Resistance 1$96,347.57
Price$95,077.57
Support 1$94,542.75
Support 2$92,931.92
Support 3$90,092.69
Pivot (PP):$95,145.36
Trend:Uptrend
RSI (14):65.3

COINOTAG News reported on November 27 that, per Cointelegraph, Bitwise IBIT holders moved back into profit as Bitcoin breached the $90,000 level, suggesting a potential shift in sentiment among a core investor cohort that has driven market momentum this year.

Arkham data indicate that the largest spot Bitcoin fund, Bitwise IBIT, has pushed cumulative gains back to about $3.2 billion. While the peak combined profitability for Bitwise IBIT and ETHA reached roughly $40 billion on October 7, it declined to $630 million just days later, implying the average cost basis for IBIT purchases is near break-even.

With ETF holders no longer under pressure, near-term selling pressure on the Bitcoin ETF may continue to ease. This backdrop follows a notable net outflow of about $903 million observed on November 20, suggesting improved liquidity and potential for revised demand dynamics.

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