Bitcoin holders are actively selling their spot ETF shares amid a notable decline in Bitcoin's value. The cryptocurrency witnessed a slump of 2.3%, with prices dwelling below the $95,000 mark, settling at $92,500. This movement indicates a lack of confidence among investors in the short-term performance of Bitcoin.
Such actions by Bitcoin holders suggest heightened uncertainty and fear about the future trajectory of the digital asset. The near-record levels of withdrawals from spot ETFs reflect investors' concerns and their attempt to hedge against potential losses due to further price drops.
Булак: cointelegraph.com ↗