šØ CRYPTO ALERT: Brace yourselves for a potential market downturn! Here's what you need to know:
š Bitcoin's price is on the decline, possibly dipping below $62,000, signaling a looming downturn.
š” FTX News: Creditors are set to receive a promising 118% return, but concerns linger over asset liquidation strategies.
š ETF News: Money inflow into ETFs took a hit yesterday, adding to market uncertainty.
š° Bitcoin Analysis: BTC appears to be heading towards support levels around $61,500 to $60,800. A resilient response here is crucial for maintaining positivity.
š Trading Tips: Exercise caution and await market confirmation before making any moves. Consider alternative cryptocurrencies like RUN, Athena, Tellor, Phoenix BB, Reserve Rights (RSR), and Luna 2.0 once Bitcoin stabilizes and shows signs of recovery. Stay vigilant and trade smart! #ETHETFS