Bitcoin recently neared its all-time high, sparking hopes of setting a new record. 📈 But today, $BTC experienced a slight dip, down around 4% in 24 hours. What’s driving this shift? 🤔
🔸 Sell-offs from Spot Bitcoin ETFs: Recent strategic selloffs and significant cash outflows from U.S. Bitcoin ETFs have led to price cooling.
🔸 Options Expiry: As massive options contracts near expiration, profit-taking has surged.
🔸 End-of-Month Volatility: It’s common to see market fluctuations around month-end, as traders rebalance and prepare for November's developments.
While short-term signals might seem bearish, long-term holders can look ahead with optimism. With ongoing institutional interest, Bitcoin may soon stabilize and retest those highs. 🚀