Bitcoin's Tightrope Walk: Why $87, 000 Matters for Investors

Bitcoin is currently dancing around the $90, 000 mark. This is a big deal because it's close to the average price that ETF investors paid for their Bitcoin. This average price, known as the ETF realized price, is around $86, 600. If Bitcoin stays above this price, investors feel good. But if it drops below, things could get shaky.Right now, Bitcoin ETFs have seen about $6. 1 billion leave since they hit a peak in October 2025. This is the first real test for these ETFs since they were approved. The good news is that the ETF realized price is still going up. This means that the people selling are probably those who jumped in late or are trading, not the long-term holders. The big question is what happens if Bitcoin drops below the ETF realized price. If that happens, investors might start selling more, and the market could shift from a waiting game to a selling spree. But for now, as long as Bitcoin stays above that key level, investors are likely to hold steady.