Shocking Warning: Wisconsin Investment Board Abandons Bitcoin!
In an unexpected move, the Wisconsin Investment Board sold its entire stake in the Bitcoin exchange-traded fund (ETF), according to BlockBeats.
The board had previously pumped a massive investment of $321 million into the Bitcoin ETF, as revealed by documents submitted to the U.S. Securities and Exchange Commission (SEC).
What message does this withdrawal carry?
Have major institutions lost their confidence in Bitcoin?
Or is this a temporary step to take profits after a strong upward trend?
Are we on the brink of a sharp market correction?
Important warning for traders:
Institutional movements are not random and may be an early indicator of a change in the overall landscape. Don't enter the market with emotion, and closely monitor data and indicators.
Advice:
Capital management and discipline are the keys to survival in this volatile market!