---
title: "Bitcoin's (BTC) stagnating below key cost bases for 5 mths. Long-term holders shed $280M, with negative ETF flows."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292095846.md"
description: "Bitcoin continues to be undervalued, with prices staying below important cost bases for the past five months. There has been a significant spike in long-term holder capitulation, reaching $280 million. Additionally, flows for ETFs related to Bitcoin are still negative."
datetime: "2026-07-08T16:16:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292095846.md)
  - [en](https://longbridge.com/en/news/292095846.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292095846.md)
---

# Bitcoin's (BTC) stagnating below key cost bases for 5 mths. Long-term holders shed $280M, with negative ETF flows.

Bitcoin continues to be undervalued, with prices staying below important cost bases for the past five months. There has been a significant spike in long-term holder capitulation, reaching $280 million. Additionally, flows for ETFs related to Bitcoin are still negative.

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