Why BitcoinETF Fail To Crossross $50000 Mark
Yesterday was great day for crypto community approve of Spot BitcoinETF
Even though the approved bitcoin price didn't cross $50000 Mark ,According to Crypto Quant coinbase received 7.7billion Volume trades yesterday crypto community was in shock because they expected a huge bull run but it didn't happen.
Here we crack why bitcoin didn't cross $50000 Mark
As we told in our previous post big institut players already bought bitcoin long before with various source at $16000 to $28000 Mark for themselves
At $31000 to $42000 Mark they bought for their Client.
Which they released at exchange to buy from Market Makers & other institute players at Pre Market Open
This institute & Market Maker bought & sold this BitcoinETF to regular traders ,investors & other institutions.
This results in a short term downtrend.
