#BTC is dipping hère are possible reasons from récent happening .
The recent drop in Bitcoin's price after the SEC's approval of spot ETFs on January 10th can be attributed to a combination of factors:
Sell-the-news event: This is a common phenomenon in markets where an anticipated positive event, like the ETF approval, leads to a surge in price just before the event. Once the event actually happens, some investors who bought in anticipation of the surge take their profits, causing the price to drop back down. In this case, the price had already climbed significantly in the weeks leading up to the approval, potentially leading to profit-taking after the news became official.
Uncertainty surrounding details: Although the ETFs were approved in principle, details like specific launch dates and regulations are still being finalized. This uncertainty might make some investors cautious and hesitant to invest immediately, contributing to the downward pressure.
Technical factors: The market may be undergoing a natural correction after the recent rally. Large liquidations of long positions in the futures market could also be playing a role in the decline.
Vanguard éxchange: Vanguard is a very well Known and large #etf éxchange liké blackrock and they anounced that they won't take part in thé BTC etf....
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