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Decline in #Bitcoin ETF Holdings: What Are the Implications for the price Future? The Bitcoin ETF holdings of several financial institutions have seen a significant drop. The recent price correction of Bitcoin [BTC] has turned market sentiment negative. The 71 000 - 72 000$ zone may act as a local top. However, it wasn't just the crypto traders who were impacted; Wall Street's interest in the leading cryptocurrency has also waned. Across nine Bitcoin exchange-traded funds (ETFs), holdings collectively decreased by 2,199 Bitcoin, amounting to roughly $153.4 million. ARK21Shares experienced a decrease of 840 BTC, approximately $58.6 million. As of June 12th, they held 48,199 BTC, valued at around $3.36 billion. Grayscale also saw a reduction in its holdings by 580 BTC, about $40.5 million. On June 12th, Grayscale held 283,966 BTC, valued at $19.81 billion. If major players are losing confidence and selling off their holdings, it might indicate a lack of faith in BTCโs long-term potential, which could create a ripple effect of negative sentiment throughout the market๐จ This could trigger a broader sell-off as less risk-tolerant investors panic and follow suit๐ฅถ Does this coincide with my feeling of a correction ahead for the coming days? #DYOR #Crypto_Jobs๐ฏ #bitcoinโ๏ธ #btcupdates2024 $BTC
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$BOME , Im buying this dip. Wish me good luck ๐ #DYOR #BinanceTournament #mememcoinseason2024 #meme_coin
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$BOME I see a pump here ๐ Bottomed on the uptrendโ LTF breakout & retestโ There are still many resistances to be crossed, but the price could revisit the 0.01600$ wich is 10 - 12% higher! #dyor #BOME #altcoins #bitcoin #TopCoinsJune2024
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$CTK weekly & daily price action looks pretty strong against the market! Possible HTF bullish retest! ๐ Is something cooking for #CTK ? ๐ Key support: 0.6850 $ [mid term view] ๐จ #CTK #TradingShot #TopCoinsJune2024 #Crypto_Jobs๐ฏ
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$NOT , I warned you the 06-06 ๐จ -35% โ๏ธ No comment. #NOT #Notcoinnews24 #NOT๐ฅ๐ฅ๐ฅ #Crypto_Jobs๐ฏ #DYOR
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