Gather around, I'm explaining the sell-off following the ETF.
FTX sold its holdings in #GBTC, and the value of the 22 million shares was close to 1 billion dollars. Theoretically, if FTX has now finished selling its significant assets, there will be no more selling pressure from this front.
ETFs are assets that facilitate investment and open the doors of traditional finance to #Bitcoin. Therefore, the claim that 'the opposite happened' is a statement likely made by those who do not understand the meaning of ETFs.
I believe that FTX's confirmation of this sale will also alleviate the existing fear situation. Whale accounts continue to hold their #BTC ownership. There is no widespread situation at the moment. Soon, the bull will awaken from its rest. What did we say?
YOU CAN'T BECOME A SULTAN IN EGYPT WITHOUT FALLING INTO A WELL 💪🏼
ETFs are assets that facilitate investment and open the doors of traditional finance to #Bitcoin. Therefore, the claim that 'the opposite happened' is a statement likely made by those who do not understand the meaning of ETFs.
I believe that FTX's confirmation of this sale will also alleviate the existing fear situation. Whale accounts continue to hold their #BTC ownership. There is no widespread situation at the moment. Soon, the bull will awaken from its rest. What did we say?
YOU CAN'T BECOME A SULTAN IN EGYPT WITHOUT FALLING INTO A WELL 💪🏼
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.