Whales are reducing their holdings of BTC in large quantities. Are you afraid?
The recent data from Lookonchain makes people nervous!
1. BlackRock reduced its holdings by 638 bitcoins, worth $37.62 million. This is the first time their ETF has reduced its holdings!
2. There is also the giant Fidelity, which reduced its holdings by 3,323 bitcoins at once, worth up to $196 million!
3. Grayscale GBTC also reduced its holdings by 1,588 bitcoins, worth $93.66 million.
4. In total, a total of 9 Bitcoin ETFs have reduced their holdings by 8,107 bitcoins, with a total value of up to $478.22 million!
These Bitcoin ETFs are all reducing their holdings. Is there something going on in the market? Looking at the current situation, the interest rate hike meeting seems to be postponed, so the trend of Bitcoin may still fluctuate.
To be honest, if you want to make money by speculating in coins, you rely on the profit difference. Don't always think about buying the bottom, because it's easy to get stuck. In this market situation, it is recommended that you invest in batches and keep some chips in your hands, at least wait until the interest rate hike meeting has a result.
It is better to be rational when speculating in cryptocurrencies and not be overwhelmed by the temporary fluctuations of the market.
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