Reasons Why Bitcoin is Dumping after
the historic spot ETF approval -

1) There was strong speculation
leading towards the ETF approval,
now it’s approved people don't
have anything to speculate on and
many expected it to pump towards
$55k after approval coz that didn’t
happens 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
buy ETH coz they know ETH spot
ETF is coming next and ETH hasn't
really pumped so far so they are moving
to undervalued assets.

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) Bitcoin is available to you all the
Wall Street guy. So Over time trillions
will flow into the market

3) Bitcoin ETF puts a trust in crypto.

My personal opinion - Bitcoin ETF will
become more popular on Wall Street
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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this summary helpful.