CryptoSlate: Bitcoin investors sold $5 billion worth of assets in two days
Over the past few days, the total volume of sales by so-called short-term investors amounted to about 111,000 bitcoins, which is close to $5 billion at current prices for the asset.
After the debut of trading in Bitcoin spot ETFs and a short-term increase in the value of the asset, further price action and the fall of the first cryptocurrency by capitalization from $49,000 to a level close to $41,000 caused panic among âboth long and short traders,â says CryptoSlate analyst James Van Straten (James Van Straten). Bitcoin speculators began to actively close their positions, despite possible losses.
