●Reasons Why Bitcoin is Dumping after the historic spot ETF approval ✅ : -
1.Bitcoin pumped from the Bottom of $15,400 to $49,000 with fomo elements of ETF so the correction was naturally due and this might be sell thenews event for many who bought bitcoin earlier below $20k.
2.There was a strong speculation leading towards the ETF approval, now it’s approved people doesn’t have anything to speculate on and many expected it to pump towards $55k after approval coz that didn’t happen people are just taking profits or selling in disappointment.
3.Money is moving from Bitcoin to ETH now. People are selling BTC and buying ETH coz they know ETH spot ETF is coming next and ETH haven’t really pumped yet so they are moving to undervalued asset.
4.Also There have so many bad news too .
- what's you think ?🤔 - share your thoughts ✅
I was Notified Before Market Crashed- I hope you guys are save who Chack my post 🤗
