Many coin investors are wondering whether Bitcoin will decline after ETF approval.
But there is something you don’t know about the investment market.
Even the fact that these opinions are expressed has an impact on whether or not sell-on will be sold.
In the end, it’s about which direction the beat goes.
What actions the public actually takes affects the expectations and results of the Bitcoin price.
I think it’s a panic sell?? If this opinion became mainstream and everyone prepared for risks in advance.
Of course, there is no sell-on because the volume to be sold when the actual ETF is approved was sold in advance for risk management.
On the other hand, if everyone thinks there is no sell-on and proceeds to buy ETF…
In actual news, there will be no institutions to buy and there will only be selling volume.
In conclusion, you need to carefully evaluate and judge to what extent the current news appears to be reflected in the market.
I see many people just relying on data reported in the news without thinking about the obvious logic mentioned above.
So if you just think and act with that obvious logic, that is the know-how for predicting the price of Bitcoin.
Yesterday, as there was a lot of news that ETF approval would be rejected, the bit finally fell from a whopping 45.5K to 40 K.
There was a long clearing volume of approximately $480 million.
So how is the market reacting now?
There is talk that the ETF approval will probably be announced over the weekend, and the beat has been showing strength again since this morning.
Funding fees for various coins are also rising, showing that people are participating in purchases again.
In the end, there are more people who approach ETF approval from a BUY perspective than those who view it as a sell-on….
The stronger this movement, the more likely it is that the approval news will eventually become a sell-on event.
So the important point here is that money in the coin market is limited… and if that money has been purchased in advance… that amount is only the potential selling volume.
In addition, it is expected that program profit margins for ETF approval will be significant.
Let’s be careful.
Right now, Bitcoin has surpassed 44k as I expected, but it is around 46-47k.
It seems likely that it will go down.
