Bitcoin experienced price swings yesterday from a pullback from 40,750 to above 44,700, but the observed inflows and outflows raised some concerns. Although the price has rebounded, a large amount of funds have been flowing out. This may be because some investors took advantage of early arbitrage or the rat positions have quietly left the market.
The participants in the rat warehouse are diverse, covering institutions applying for ETFs and SEC committee members. If the ETF is approved, it stands to reason that the price of Bitcoin will already exceed US$50,000, and the market will respond to this. The current rebound may be due to the fact that long contracts have not yet been closed. Once the long contracts are cleared, the market may usher in a sharp correction.
For investors with small spot positions, this provides an opportunity to continue to buy low-priced chips during pullbacks. In the subsequent development of the market, as long as spot ETFs are not approved, every major correction can be regarded as a buying opportunity. The repeated hype of hot topics may be to maximize profits.
Some strong currencies that bucked the trend during the Bitcoin correction, or those that showed less volatility, are also worthy of considering the layout of small positions. In the face of market uncertainty, careful observation and flexible response to changes are strategies that investors should focus on. #ETFbitcoin #ETF批准 #SEC他将与申请ETF的公司举行会议。