According to CoinMeta, glassnode stated that Bitcoin has recently rebounded from near the average cost price of US spot ETF, with the level of around $81,500 having served as support twice in a row. glassnode pointed out that BTC has been below this cost level for most of this year, and the rebound in May also encountered resistance near this position. Now that this level has served as support twice, if it falls below $81,500 in the future, the next important reference point will be the true market average, which is currently around $77,500.