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Umair Nauman
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The price of
#bitcoin
quickly surged to $34,000 amid recent developments in the Bitcoin ETF space.
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Will the ETH ETF launch be a "sell the news" event?
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Coinbase is trading much lower again. It's $70-80 below Binance spot and also below perpetual futures. It dipped again overnight, showing more selling pressure. BTC will drop further
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Bottom in!
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Btw there is FUD online about solana being “investigated” It’s unverified nonsense. Started as a shitpost and people took it as real by resharing it Another failed IQ test for 𝕏 Don’t believe things until you see them actually sourced and verified $SOL #solana
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Long positions are struggling due to rumored spot selling and ETF outflows. Sellers are likely to continue due to a self-reinforcing cycle. With Mt. Gox distributions pending, early selling is happening. The best time to be optimistic is when prices start rising, not falling. Patience is essential.
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