The volatility caused by the launch of spot Bitcoin ETFs in the U.S. has wiped over $115 billion off Bitcoin’s market cap. There has been a significant increase in realized losses in the week following the ETF launch, with short-term holders bearing the brunt of these losses. Significant outflows from Grayscale’s GBTC have led to […]
The market is absorbing enormous selling pressure with little movement
01/25/2024 11:00
On-chain metrics show that the market managed to absorb extremely high selling pressure in the face of Bitcoin ETF-induced volatility.
The market is absorbing enormous selling pressure with little movement 12 seconds ago · 4 min read
On-chain metrics show that the market managed to absorb extremely high selling pressure in the face of Bitcoin ETF-induced volatility.
4 min read
Updated: Jan. 24, 2024 at 11:19 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.