Everybody was screaming “sell the fact!” on the ETF approval information.
Its been ongoing:
JPM says there’s extra draw back strain forward for BTC. Final week JPM guesstimated that there was up round US$3bn in GBTC (Grayscale Bitcoin) outflows able to hit with merchants/traders more likely to take income.
- “If the previous $3 billion estimate proves correct and given $1.5 billion has exited already, then there could be an additional $1.5 billion still to exit the bitcoin space via profit-taking on GBTC, thus putting further pressure on bitcoin prices over the coming weeks”
Replace:
The oldsters enamoured of BTC will be capable of scoop ’em up cheaper.
This text was written by Eamonn Sheridan at www.forexlive.com.
