Stop buying Bitcoin ETFs - blockchain CEO reveals why $112,870 is oversold
Key Points
- Bitcoin's recent drop from $124,128 to $112,870 has triggere...
Bitcoin just proved that even digital gold can tarnish. After touching $124,128 on August 14th, the world's favorite cryptocurrency has tumbled to around $112,870, dragging Bitcoin ETFs into their longest outflow streak in four months. We're talking $1.17 billion walking out the door in just five trading days - that's enough money to buy a small country, or at least a decent yacht.
The Great Bitcoin Exodus
US-based spot Bitcoin ETFs are experiencing what financial analysts politely call "investor enthusiasm deficit disorder." BlackRock's iShares Bitcoin Trust just recorded its biggest ou...
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