„Can’t be our fault guys, its all because of you poor ones.“
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Nobody knows shit. People panic, people sell. People fomo, people buy. Thats it. Thats what happens.
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tldr; Senior Bloomberg ETF analyst Eric Balchunas clarified that Bitcoin ETFs are not to blame for the recent BTC sell-off, which saw a 20% price drop in October. Instead, the sell-off was driven by Bitcoin whales and long-term holders who sold 405,000 BTC, valued at over $41.3 billion. ETFs experienced less than $1 billion in outflows during the crash, with inflows resuming shortly after. Analysts suggest ETFs are stabilizing Bitcoin’s price volatility, signaling market maturation and growing confidence in Bitcoin’s long-term value.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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„Can’t be our fault guys, its all because of you poor ones.“
Nobody knows shit. People panic, people sell. People fomo, people buy. Thats it. Thats what happens.
tldr; Senior Bloomberg ETF analyst Eric Balchunas clarified that Bitcoin ETFs are not to blame for the recent BTC sell-off, which saw a 20% price drop in October. Instead, the sell-off was driven by Bitcoin whales and long-term holders who sold 405,000 BTC, valued at over $41.3 billion. ETFs experienced less than $1 billion in outflows during the crash, with inflows resuming shortly after. Analysts suggest ETFs are stabilizing Bitcoin’s price volatility, signaling market maturation and growing confidence in Bitcoin’s long-term value.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.