On October 7, iShares Bitcoin Trust fell 3.08% in regular trading, trading at $46.98/share, with turnover of $514 million. The decline came as on-chain metrics showed an intensifying tug-of-war near key cost-basis levels. Analysis indicated that as of October 2, the average cost of remaining bitcoin held by the trust was approximately $81,188 per coin, closely aligned with prevailing market prices, amplifying volatility around this contested threshold.

Separately, chain data revealed that the average cost basis for short-term bitcoin holders had risen to $74,100, leaving them with an aggregate unrealized gain of roughly 15%, though down from earlier phase highs. This convergence of institutional accounting benchmarks and short-term holder cost lines has sharpened two-way positioning, contributing to the session's downside pressure.

The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)