$100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?

Despite BTC falling below the realized price of ETF buyers, ETF holders did not panic sell, but a deeper correction remains on the horizon.

Bitcoin has since bounced back to trade above 57,800 as of 9:40 am UTC but was still down over 4.5% on the daily chart.Monitoring Bitcoin’s performance around psychological numbers like $60,000 is important to determine the progress in the current Bitcoin cycle, which is unique due to the introduction of the first spotDespite the fall, ETF buyers haven’t started panic selling, as there were only 20.5 million worth of net total outflows on July 3.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Bitcoin remains sideways despite record BTC ETF inflowsBitcoin's (BTC) price declined by 2.4% on Thursday following a general crypto market slump.
Source: FXStreetNews - 🏆 14. / 72 Read more »

BTC Price Came 3% Away From Charting New ATH as Bitcoin ETF Inflow Streak Equals RecordCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

BlackRock's spot bitcoin ETF surpasses 300,000 BTC in AUMLast week, BlackRock's IBIT surpassed the AUM of Grayscale’s converted GBTC fund, now accounting for over $21 billion.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin ETF flows will send BTC price into ' parabolic run,' traders sayTraders are bored as Bitcoin price fights rejection from $72,000, but most analysts say ETF inflows will send BTC into price discovery.
Source: Cointelegraph - 🏆 562. / 51 Read more »

1,901 Bitcoin (BTC) Added to ETFs in Single Day, Why No Price Jump?Spot Bitcoin ETF on 19-day inflow streak, 1,901 BTC added
Source: Utoday_en - 🏆 295. / 63 Read more »

Why Did BTC’s Price Tumbled $3K on Friday Despite the Impressive Bitcoin ETF Inflows?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »