Key Takeaways
- • Bitcoin traded almost flat on Saturday near $82,900, sitting just above the average holder's break-even level of roughly $80,500, according to CryptoQuant analyst Darkfost.
- • Fidelity's FBTC bought $354.1 million of Bitcoin over the past 20 trading days, according to Arkham, while Morgan Stanley's MSBT fund added about 92 BTC this week to reach 10,639 BTC worth roughly $880 million.
- • US spot Bitcoin ETFs lost $487.07 million on Wednesday and $244.13 million on Thursday, per SoSoValue data, with a $21.13 million inflow on Friday recovering only a fraction of those outflows.
- • Analyst Ted Pillows said a weekly close above $82,700 would signal buyer control and could open a move toward $87,000 to $88,000.
Summary
Bitcoin (BTC) traded flat on Saturday, hovering just above $82,900 and up 0.3% at the time of writing. CryptoQuant analyst Darkfost described the approximately $80,500 level as the average holder's break-even point, the cost basis of all Bitcoin in circulation weighted by purchase size. Darkfost said the price has been oscillating around that line in a pattern resembling late 2025 and early 2026, a setup that creates doubt among investors and prompts action. For now, he said, the level is holding as support.
Analyst Ted Pillows is watching slightly higher, stating that a weekly close above $82,700 would mean buyers are in control and could open a move toward $87,000 to $88,000. On Stocktwits, retail sentiment around BTC remained in the 'bearish' zone, with chatter at 'low' levels over the past day.
Institutional demand has continued even as the price has moved sideways. According to Arkham data, Fidelity's FBTC fund bought $354.1 million of Bitcoin over the past 20 trading days, while its other crypto funds took in $66.6 million of Ethereum and $18.2 million of Solana. Morgan Stanley added about 92 coins this week through its MSBT fund, lifting its total holdings to 10,639 BTC.
These purchases contrast with broader ETF flows. US spot Bitcoin ETFs lost $487.07 million on Wednesday and another $244.13 million on Thursday, according to SoSoValue, and a $21.13 million inflow on Friday recovered only a fraction of those losses.
Analyst Ted Pillows is watching slightly higher, stating that a weekly close above $82,700 would mean buyers are in control and could open a move toward $87,000 to $88,000. On Stocktwits, retail sentiment around BTC remained in the 'bearish' zone, with chatter at 'low' levels over the past day.
Institutional demand has continued even as the price has moved sideways. According to Arkham data, Fidelity's FBTC fund bought $354.1 million of Bitcoin over the past 20 trading days, while its other crypto funds took in $66.6 million of Ethereum and $18.2 million of Solana. Morgan Stanley added about 92 coins this week through its MSBT fund, lifting its total holdings to 10,639 BTC.
These purchases contrast with broader ETF flows. US spot Bitcoin ETFs lost $487.07 million on Wednesday and another $244.13 million on Thursday, according to SoSoValue, and a $21.13 million inflow on Friday recovered only a fraction of those losses.
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