Bitcoin has dropped below the cost basis of the US spot ETF, and tonight may see a "stress test."

BlockBeats News, February 2nd, according to glassnode analyst Chris Beamish, Bitcoin has now dropped below the average cost basis of U.S. spot ETF holders (around $84,000), resulting in ETF buyers experiencing unrealized net losses.

Chris Beamish stated that this is the first true stress test for U.S. spot ETF holders. After the U.S. stock market opens, investors will decide whether to buy or panic sell, and tonight may see a "stress test."