Bitcoin price falls below $89,600, can ETF investors still hold on for the long term?-OzABC

图片[1]-Bitcoin price falls below $89,600, can ETF investors still hold on for the long term?-OzABC

Bitcoin’s price recently fell below $89,600, which is the weighted average cost benchmark for all historical inflows into the US spot Bitcoin ETF. Market intelligence indicates that ETF investors incur losses when Bitcoin trades below this level, demonstrating a rapid fading of market optimism.

Since Bitcoin hit its all-time high of $126,000 on October 6, 2025, the price has fallen by more than 30%, wiping out approximately $600 billion in market capitalization in six weeks. This decline has been primarily driven by risk-averse traders and long-term holders cashing out, with recent outflows of approximately $1.5 billion from crypto ETFs further exacerbating the loss of market confidence.

It’s worth noting that the market capitalization of some Bitcoin-related companies has fallen to $59 billion, below the value of their Bitcoin holdings, indicating that the premium mechanism of their financing models has failed. Matthew Hougan, Chief Investment Officer of Bitwise Asset Management, stated that market sentiment is weak, but prices are expected to rebound next year.

According to market analysis, buying Bitcoin between $40,000 and $70,000 remains profitable, offering hope to some investors. Regarding future price predictions, EBC Financial Group analysis indicates that Bitcoin may break $150,000 between 2025 and 2027, and could reach $600,000 between 2028 and 2030, with an average annual compound growth rate potentially maintaining at 25%-30%.

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Bitcoin price falls below $89,600, can ETF investors still hold on for the long term?

1Largest net outflow in history! BlackRock IBIT saw over $500 million outflow in a single day, signaling a red flag for market confidence?

2Kraken, a long-established exchange, has announced its IPO plans! It has confidentially filed its S-1 document with the SEC and could list as early as the beginning of next year.

3Southeast Asian super app Grab partners with StraitsX to build a stablecoin payment network and accelerate the integration of Web3 into daily food delivery and ride-hailing.

4Bitcoin is entering a “midlife crisis”: How did veteran Crypto win over Generation Z?

5Abu Dhabi’s sovereign wealth fund is ramping up its Bitcoin holdings! In Q3, it added 5.5 million shares of IBIT, bringing its total investment to nearly $1 billion.

6Don’t be a slave to your emotions when investing: First, think clearly about these 5 propositions.