Reasons Why Bitcoin is Dumping after

the historic spot ETF approval -

1) There was a strong speculation

leading towards the ETF approval,

now it’s approved people doesn’t

have anything to speculate on and

many expected it to pump towards

$55k after approval coz that didn’t

happen people are just taking profits

or selling in disappointment.

2) Bitcoin pumped from the Bottom

of $15,400 to $49,000 with fomo

elements of ETF so the correction

was naturally due and this might be

sell thenews event for many who

bought bitcoin earlier below $20k.

3) Money is moving from Bitcoin to

ETH now. People are selling BTC and

buying ETH coz they know ETH spot

ETF is coming next and ETH haven’t

really pumped yet so they are moving

to undervalued asset.

Positives people are missing -

1) Bitcoin ETF in total did a $4.3 Billion

In volume which is historical for any

ETF in history.

2) Now Bitcoin is available you all the

Wall Street guy. So Over time trillions

will flow into market

3) Bitcoin ETF puts a trust in crypto.

My personal opinion - Bitcoin ETF will

become more popular in Wall Street

and we will see companies allocating

billions to Bitcoin over time which will

send BTC to $100k - $200k+ easily.

So hold tight and be patient.

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