The Stress Test: ETF Cost Basis Part 3/3 [Report]

Part 1 established the floor: $80,000 in aggregate cost basis beneath $127 billion in institutional capital. We mapped the fortress zone between $65,000 and $70,000, identified the air pocket where support thins, and showed that 38% of holdings sit underwater despite headline profitability.

Part 2 revealed the fault lines. 21Shares already underwater and BlackRock’s 53% stake just 7% above break-even. The 90-day cohort down 22.5% with nearly 100,000 BTC in pain. A $27,000 spread between the strongest and weakest entity positioning.

The question that remains: what do you actually do with this information?

What This Part Delivers:

• Full stress test matrix modeling outcomes from -5% to -50%
• The cascade propagation model showing how selling begets selling
• Flow quality framework distinguishing profit-taking from capitulation
• Entity stickiness scores separating structural capital from hot money
• The Redemption Pressure Index, a composite stress signal
• Complete trading framework with levels, signals, and position management 

Knowing the floor matters. Knowing who breaks first matters.

Download your free copy today!