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𝐑𝐞𝐚𝐬𝐨𝐧 𝐁𝐞𝐡𝐢𝐧𝐝 𝐁𝐓𝐂 𝐃𝐮𝐦𝐩 𝐅𝐫𝐨𝐦 $𝟒𝟗,𝟎𝟎𝟎 𝐓𝐨 $𝟒𝟏,𝟓𝟎𝟎𝟎
Institutions, having bought BTC below $30k in anticipation of a Bitcoin ETF approval, are now taking profits.
Grayscale holders are redeeming GBTC shares due to a 1.5% management fee, prompting Grayscale to sell their BTC holdings.
Despite Bitcoin's surge from $15,600 to $49,000 in a bear market year, a correction is expected.
The drop in BTC price is influencing a decrease in BTC dominance, suggesting a potential shift to altcoins as smart money reallocates.
🦅The more you vote for us the more your chance of winning 🏆. We appreciate each and everyone of you 🫡
VOTE FOR BITEAGLE NEWS HERE
#etf #BTC
Institutions, having bought BTC below $30k in anticipation of a Bitcoin ETF approval, are now taking profits.
Grayscale holders are redeeming GBTC shares due to a 1.5% management fee, prompting Grayscale to sell their BTC holdings.
Despite Bitcoin's surge from $15,600 to $49,000 in a bear market year, a correction is expected.
The drop in BTC price is influencing a decrease in BTC dominance, suggesting a potential shift to altcoins as smart money reallocates.
🦅The more you vote for us the more your chance of winning 🏆. We appreciate each and everyone of you 🫡
VOTE FOR BITEAGLE NEWS HERE
#etf #BTC
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