Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Glassnode uses the cumsum formula to calculate the weighted average BTC price at moments when ETF net inflows occur. This depicts a very "behavioral" institutional cost anchor. Currently, BlackRock's average cost is: $83,696; Fidelity's average cost is: $73,752; now BTC has fallen below BlackRock's average cost, impacting Fidelity investors' psychology. No wonder that during November and December, BlackRock investors were the main bears, while in January, Fidelity became the main sellers. If BlackRock mainly consists of institutional investors, and Fidelity has more retail investors, plus MSTR's current average cost is $76,040, then the benefits are not shared equally, and difficulties must be faced together; now, everyone is family!