🎢 $BTC Wells Fargo is preparing its wealth advisors to acti | Crypto News Aggregator by EXCAVO on Binance Square

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🎢 $BTC Wells Fargo is preparing its wealth advisors to actively pitch Bitcoin #ETF's to their clients starting in September. 
They manage $1.7 Trillion of assets. 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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📊📉 $BTC #Kaiko : Selling activity picked up immediately after Bitcoin reach record highs with significant selling pressure coming from the BTC-USDT trading pair on Binance as seen below.

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📈🤔 $BTC #CryptoQuant : The MVRV ratio shows Bitcoin is still far from peak levels. The price is also close to the purchase cost of traders, indicating it’s not overheated. This hints at a potential for further growth.

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🇺🇸🚀 $BTC #Bloomberg : iShares Bitcoin Trust (#IBIT ) has seen $1 billion in volume in the first 20min- that's about what it does in full day. Other bitcoin #ETF's in same boat, crazy volume. Set for a record-breaking volume day (and given price is up so much, this is likely feeding frenzy volume vs crisis volume = look for inflows this week).

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📊🤔 $BTC CEO #CryptoQuant : New investors often hold Bitcoin through bear markets, enduring losses. After about two years, it changes hands when pain eases. That time is now. It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo.

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💸🤔 $BTC Following a recent surge in Bitcoin’s price, one of the largest short liquidations in the past two years has occurred (the fourth largest on record). Currently, approximately $140 million in "net funds" has been wiped out (multiply this by the average leverage in the system). Similar-scale liquidations took place in January 2023, October 2023, and February 2024. After each of these liquidations, BTC continued to rise an additional 20-40%.

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