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like this post if you believe #bitcoin ETF will be approved tomorrow
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Reasons Why Bitcoin is Dumping after the historic spot ETF approval - 1) There was a strong speculation leading towards the ETF approval, now it’s approved people doesn’t have anything to speculate on and many expected it to pump towards $55k after approval coz that didn’t happen people are just taking profits or selling in disappointment. 2) Bitcoin pumped from the Bottom of $15,400 to $49,000 with fomo elements of ETF so the correction was naturally due and this might be sell thenews event for many who bought bitcoin earlier below $20k. 3) Money is moving from Bitcoin to ETH now. People are selling BTC and buying ETH coz they know ETH spot ETF is coming next and ETH haven’t really pumped yet so they are moving to undervalued asset. Positives people are missing - 1) Bitcoin ETF in total did a $4.3 Billion In volume which is historical for any ETF in history. 2) Now Bitcoin is available you all the Wall Street guy. So Over time trillions will flow into market 3) Bitcoin ETF puts a trust in crypto. My personal opinion - Bitcoin ETF will become more popular in Wall Street and we will see companies allocating billions to Bitcoin over time which will send BTC to $100k - $200k+ easily. So hold tight and be patient. Please Like and retweet if you found this summary helpful.
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