1. Pre-approval speculation:
- Before the approval of the Bitcoin ETF, there was heavy speculation in the market. Investors anticipated a significant upward move following the approval, and some may have bought in anticipation of these gains.
- Disappointment in meeting these expectations can lead to massive sell-off and correction.
2. FOMO (Fear of Missing Out) avant l'approbation :
– Bitcoin price saw a sharp increase from $15,400 to $49,000 due to FOMO related to the ETF approval.
- After approval, some investors were able to take profits, leading to a natural correction.
3. Rotation of assets to ETH:
- Some investors may move their money from Bitcoin to Ethereum (ETH), anticipating that ETH might present more attractive opportunities.
- Lack of enthusiasm around the Ethereum ETF could lead to a reduction in exposure to Bitcoin.
Positive aspects to consider:
1. Record volume for the ETF:
- The Bitcoin ETF generated a total volume of $4.3 billion, marking an all-time high for any ETF in history. This indicates massive interest in Bitcoin as an asset class.
2. Accessibility for Wall Street:
- ETF approval makes Bitcoin accessible to a wider audience, including Wall Street. This can lead to massive investments in Bitcoin over time.
3. Building Trust in Crypto:
- The existence of a Bitcoin ETF builds institutional investor confidence in the cryptocurrency, paving the way for meaningful fund allocations over time.
Personal opinion :
- The approval of the Bitcoin ETF is a major milestone that, in the long term, could attract significant institutional investment, potentially propelling the price of Bitcoin to higher levels.
- Corrections after news events are common, and patience can be crucial for long-term investors.
*It is essential to carefully monitor market developments, investor reaction and new announcements that may influence market dynamics.*
