Bitcoin successfully exceeded 49,000, approaching 50,000‼ ️
Regarding whether the benefits of Bitcoin ETF will eventually be realized, my point of view is completely different from that of most people. Do you still remember?
We pointed out the day before yesterday that the SEC's approval of the Bitcoin ETF is not necessarily a good thing. We believe that the real benefit lies in the trading volume on the first day of listing of the ETF. Only the size of the trading volume can determine whether it is good or bad.
After the Bitcoin ETF was approved last night, the market did not surge as quickly as everyone expected. Instead, after the ETF opened today, the trading volume immediately increased, reaching the 50,000 mark‼ ️. This once again validates our point:
SEC approval + low trading volume on first day of listing = bad news
SEC approval + high trading volume on first day of listing = bullish
