Standard Chartered: The average purchase price of spot Bitcoin ETF since the U.S. election is about US$97,000 per coin, and current buyer losses have reached approximately US$1.3 billion
Online reports reported that Bitcoin prices fell 3.6% to about US$85600 on Wednesday, a decline of 15% in the past month. More than US$800 billion has evaporated in the global cryptocurrency market in just a few days. Capital outflows from spot Bitcoin ETFs exceeded the previous daily high of $671 million. Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, estimates that since the U.S. election, the average purchase price of spot Bitcoin ETFs has been approximately $97,000 per piece, which means buyers lost a total of approximately $1.3 billion during this period.
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