# Bitcoin Faces Selling Pressure Near $87,000 as ETF Cost Basis Sits at $81,500 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/42665 Published: 2026-10-28T14:42:06.000Z Updated: 2026-10-28T14:42:06.000Z Section: Investing > Investors who bought Bitcoin over the past two years have cost bases concentrated at $87,000 and above. Bitcoin ETF holders’ average cost basis is about $81,500. Bitcoin (BTC) was at $80,380 at 10:39 a.m. ET (14:39 UTC) on Oct. 28. Cost bases for investors who bought in the past two years are concentrated at $87,000 and above, a range that capped two rebounds this year. Selling around that range checked both rebounds. Each was followed by a pullback of at least 25%. The $87,000-and-above range reflects the cost bases of investors who bought Bitcoin during the past two years. Bitcoin ETF holders have an average cost basis of about $81,500. Sustained closes below that level could leave the average ETF holder with an unrealized loss and weaken recent on-chain support. The ETF cost-basis figure adds another holder group to earlier coverage of [selling pressure near $88,000](), which focused on sales by one- to two-year holders. ## Links in this article - [selling pressure near $88,000](https://www.tokenpost.com/news/investing/31373)