📉 According to CoinDesk, Kaiko data analysis reveals that since the commencement of Bitcoin spot ETF trading, there has been a concentration of "Sell The Fact" activity on exchanges such as Binance, OKX, and Upbit, contributing to the decline in BTC price. Traders are seemingly capitalizing on profits from long positions prior to the ETF launch. Binance's BTC cumulative delta trading volume (CVD) surged initially, followed by a downward trend, indicating an outflow of approximately 5,000 BTC. Similar selling trends were observed on Upbit and OKX. 📊💹 #BitcoinETFapproved #CryptocurrencyTrading #BTCPriceImpact