🚀 Bitcoin ETFs: FOMO or No-Go? 🤔

Institutional investors are diving into US spot Bitcoin ETFs, with nearly $900M flowing in on Oct. 30 alone! 💸 But hold your horses, folks – popular analyst Mark Cullen warns of potential "ETF FOMO" signaling a local top.

• BTC ETFs saw similar hype during its run to all-time highs in March, leading to a price consolidation.

• Onchain analytics suggest that large BTC availability on OTC desks might prevent a price impact this time around.

Will history repeat itself or is this the dawn of a new ATH? Share your thoughts in the comments! 💬