{"id":70371,"date":"2026-02-02T14:01:32","date_gmt":"2026-02-02T14:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70371"},"modified":"2026-02-02T14:01:32","modified_gmt":"2026-02-02T14:01:32","slug":"bitcoins-crash-below-80000-means-etf-holders-now-sit-on-a-7b-loss","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70371","title":{"rendered":"Bitcoin&#8217;s Crash Below $80,000 Means ETF Holders Now Sit On A $7B Loss"},"content":{"rendered":"<div>\n<p>Approximately 10% of all <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>)\u2014roughly 2 million coins\u2014 held by traditional financial institutions are now at unrealized losses approaching $7 billion, according to Bianco Research\u2019s <strong>Jim Bianco<\/strong>.<\/p>\n<h3 class=\"wp-block-heading\">The Institutional Underwater Problem<\/h3>\n<p>The 11 spot Bitcoin ETFs hold 1.29 million BTC worth over $115 billion, <a href=\"https:\/\/x.com\/biancoresearch\/status\/2018069763507839283\">representing<\/a> about 6.5% of circulating supply.\u00a0<\/p>\n<p>Their average purchase price sits at $90,200\u2014roughly $13,000 above current levels.<\/p>\n<p>Adding to the institutional pain, <strong>Strategy<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/MSTR\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"MSTR\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\">MSTR<\/a>) owns 713,000 BTC with an average purchase price of $76,020.\u00a0<\/p>\n<p>Combined, these institutional holders control 10% of all Bitcoin at a collective average cost of $85,360.<\/p>\n<p>With BTC trading around $77,000, the entire \u201cboomer\u201d cohort sits approximately $8,000 underwater per coin. Bianco warns these holders need \u201ca new narrative\u201d as losses mount.<\/p>\n<h3 class=\"wp-block-heading\">ETFs Hit Record 10-Day Exodus<\/h3>\n<p>The spot Bitcoin ETF complex recorded 10 consecutive days of outflows\u2014the longest losing streak on record.\u00a0<\/p>\n<p>January alone saw $1.61 billion in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50298019\/bitcoins-crash-below-80000-means-etf-holders-now-sit-on-a-7b-loss?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin's\" crash below means etf holders now sit on a loss>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Approximately 10% of all Bitcoin (CRYPTO: BTC)\u2014roughly 2 million coins\u2014 held by traditional financial institutions are now at unrealized losses approaching $7 billion, according to Bianco Research\u2019s Jim Bianco. The Institutional Underwater Problem The 11 spot Bitcoin ETFs hold 1.29 million BTC worth over $115 billion, representing about 6.5% of circulating supply.\u00a0 Their average purchase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70371","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70371"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70371\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}