As the title suggests, we have all been waiting for this period for a long time, and it has finally here, yet the price of BTC remains low despite the high spot ETF Bitcoin trading volume. We were led to expect that the price would increase upon SEC approval, but the contrary is now happening. What now?
I think strategy is one of the keys to success in trading. Bitcoin ETF Launched But Bitcoin Price Didn't Rise. But current price is the highest Price Since 2022. Of course, many investors want a price correction. So I don't see any other reason for the recent drop in Bitcoin price. Just got Bitcoin ETF approved we have to wait sometime. As far as I know there is ongoing dispute regarding Grayscale which is pending court verdict. If they can invest spontaneously I think the market cap will grow and the real bull run that Bitcoin is supposed to be will happen. 
Topic: Bitcoin ETF Approval; Price dumps, what Next? - page 4. (Read 813 times)
As the title suggests, we have all been waiting for this period for a long time, and it has finally here, yet the price of BTC remains low despite the high spot ETF Bitcoin trading volume. We were led to expect that the price would increase upon SEC approval, but the contrary is now happening. What now?
Day 1. Trading volume as reported on multiple meanstrem.
it is indeed frustrating because we are on the expecting a hype but suddenly sideways happen Day 1. Trading volume as reported on multiple meanstrem.
and this is for me something that there are truly manipulations happening in this market that the news about ETF
is being used in the past to move the price here and there, though there are also some chance that this is just a
correction? or another big coming after this bloody market ends?
I believe the dip in price of Bitcoin is just as a result of some necessary corrections that is being done but regardless it's also an advantage to still buy more Bitcoin and hodl as the halving is almost near and the pump begins. A good investor will understand that now that the price is dipping is a great opportunity to re-enforce and acquire more in his portfolio as we await the bull market after the halving.
I am still in awe as to why the price of Bitcoin is testing new lows in the last 6 weeks. I expected the approval of Bitcoin Spot ETF to be a game changer and for Big players in the financial institution to take the lead and give us a fullscale bullrun, but it seems as if I was only expecting the reverse of what I thought.
What could really be happening?
Why do you awe when the price drops? Do you awe every time the price increases? What you expect about ETFs doesn't mean it will happen as you expect. We have no formula or evidence that when ETF is approved, 100% of the bitcoin price will increase. If everything becomes so easy to predict, who will lose in this game? In investing, we need to combine many factors to evaluate what will happen next, not just rely on news. What could really be happening?
I don't know why so many people were disappointed when bitcoin price plummeted while people always said they wanted to buy cheap bitcoin, and now bitcoin price is falling, why are people disappointed?
What could really be happening?
People don't understand the market as well as they like to pretend they do. Someone ran their mouth claiming "moon", people believed it, jumped on the hype train, but none of them knew anything about anything and they're now disappointed. I doubt there's any more to it than that.
And that's probably for the best, to be honest. If the charts suddenly went skywards, Gensler would simply claim his concerns were justified all along and then start being a dick about it and trying to clamp down on everything. If people had any sense, they'd say this distinct lack of sudden volatility is an encouraging sign that traditional whales can't massively manipulate the price and that stability is good.
I am still in awe as to why the price of Bitcoin is testing new lows in the last 6 weeks. I expected the approval of Bitcoin Spot ETF to be a game changer and for Big players in the financial institution to take the lead and give us a fullscale bullrun, but it seems as if I was only expecting the reverse of what I thought.
What could really be happening?
What could really be happening?
According to this article Vanguard made the decision to delist their futures ETF product for bitcoin and they will not offer a spot bitcoin ETF product. It is not certain why they changed their minds, however, it will not be surprising if some of the people behind Vanguard are the same people who support Elizabeth Warren in the senate.
In any case, without knowing the news, the chart appears to be showing that the ETF approval is a sell the news event as many have speculated hehehe.
Vanguard's decision to not offer its users access to bitcoin ETFs has sparked a backlash among some customers, who have decided to close their brokerage accounts and move their money to other platforms.
Vanguard users have found themselves unable to buy shares in spot bitcoin ETFs, which started trading on Thursday after the U.S. Securities and Exchange Commission greenlighted nearly a dozen bitcoin ETFs for the first time on Wednesday.
The investment manager's stance on crypto has frustrated some crypto advocates with Vanguard accounts - leading them to take their business instead to the firm's more crypto-friendly competitors.
In an email to MarketWatch on Thursday, a Vanguard spokesperson reiterated the firm's decision to withhold trading of spot bitcoin ETFs on its platform. "While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot bitcoin ETFs will not be available for purchase on the Vanguard platform," they wrote.
"Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio," the spokesperson added, noting that Vanguard has no plans to sponsor any bitcoin ETFs or other crypto-related products in the future.
Source https://www.morningstar.com/news/marketwatch/20240111947/vanguards-decision-to-shun-bitcoin-etfs-triggers-backlash-with-some-customers-moving-to-crypto-friendly-competitors-like-fidelity
What could really be happening?
People don't understand the market as well as they like to pretend they do. Someone ran their mouth claiming "moon", people believed it, jumped on the hype train, but none of them knew anything about anything and they're now disappointed. I doubt there's any more to it than that.
And that's probably for the best, to be honest. If the charts suddenly went skywards, Gensler would simply claim his concerns were justified all along and then start being a dick about it and trying to clamp down on everything. If people had any sense, they'd say this distinct lack of sudden volatility is an encouraging sign that traditional whales can't massively manipulate the price and that stability is good.
Literally, you are implying that we have not achieved an obvious bullrun by simply getting ETF approval.
There are more agendas to be implented by Gary even in the face of Worldwide jubilation. This must be some sort of centralised mentality that Satoshi did not approve of
What could really be happening?
People don't understand the market as well as they like to pretend they do. Someone ran their mouth claiming "moon", people believed it, jumped on the hype train, but none of them knew anything about anything and they're now disappointed. I doubt there's any more to it than that.
And that's probably for the best, to be honest. If the charts suddenly went skywards, Gensler would simply claim his concerns were justified all along and then start being a dick about it and trying to clamp down on everything. If people had any sense, they'd say this distinct lack of sudden volatility is an encouraging sign that traditional whales can't massively manipulate the price and that stability is good.
I don't know, maybe I'm the only that really don't bother much with all these things. Even if price goes down I'm still going to continue buying monthly, because I'm just certain that come rain come shine, the price will definitely go up later and I will make my profit.
I am still in awe as to why the price of Bitcoin is testing new lows in the last 6 weeks. I expected the approval of Bitcoin Spot ETF to be a game changer and for Big players in the financial institution to take the lead and give us a fullscale bullrun, but it seems as if I was only expecting the reverse of what I thought.
What could really be happening?
What could really be happening?
As the title suggests, we have all been waiting for this period for a long time, and it has finally here, yet the price of BTC remains low despite the high spot ETF Bitcoin trading volume. We were led to expect that the price would increase upon SEC approval, but the contrary is now happening. What now?
Day 1. Trading volume as reported on multiple meanstrem.
This was to be expected, the rumors that a bitcoin ETF could be approved this time around were very strong, so before this became a reality we saw a good rally, so the approval was already priced in and the news itself had no impact on the markets as the growth in the price had happened already, so I think of this dump as completely natural, since even if there is some manipulation going on, it is the kind of manipulation you could expect to see on any other market. Day 1. Trading volume as reported on multiple meanstrem.
As the title suggests, we have all been waiting for this period for a long time, and it has finally here, yet the price of BTC remains low despite the high spot ETF Bitcoin trading volume. We were led to expect that the price would increase upon SEC approval, but the contrary is now happening. What now?
Day 1. Trading volume as reported on multiple meanstrem.
Here I have the same question as you we were waiting for bitcoin etf approval we always expected the price to go up overnight when bitcoin ETF was approved. The price of the Bitcoin ETF rose to a high of $48,969 when it was approved. From 48969 dollars, the market has only dumped and has not risen. Currently, the market is standing between 41500 dollars. But I don't know any reason for this market dumping. We were very happy to see the growth in the Bitcoin market but seeing the current market, there is a lot of fear that the market will dump more. But I don't know if this dumping of Bitcoin will be temporary. I think the market will be more dumping. Day 1. Trading volume as reported on multiple meanstrem.
I heard a lot of different responses to rumors from people that this ETF was approved. it seems to me that Wall Street has a subtle strategy for its own purposes. like the news fomo ETF brought bitcoin there was an extraordinary increase in a few days and yes in the forum many people think the same as me about ETF being successful
This is a very good example of what expectations can do to you. It is a message to those who have tied their head around a mandatory bull run when the halving occurs. Like I’ve said, just invest in Bitcoin if you really want to, leave your funds and the bull run will come. Creating expectations with timeframes can be really disappointing because Bitcoin isn’t following our minds or wishes, it’s moving at its own pace. Tomorrow could be a dump, it could be a pump too.
We can't hold different expectations of the people most particularly for those who are very positive about bitcoin ETF approval. Even myself, I have this feeling that if bitcoin ETF will finally be approved, we will see bitcoin price skyrocketing. But it seems bitcoin is not yet ready for that, then we should learn to adjust.
Just remember that bitcoin is highly volatile. It has its own timeframe when to increase its price and when to see it dropping. Patience is a must so we just have to wait when bitcoin price will start to skyrocket and reach its new all time high.
Just remember that bitcoin is highly volatile. It has its own timeframe when to increase its price and when to see it dropping. Patience is a must so we just have to wait when bitcoin price will start to skyrocket and reach its new all time high.
I was concerned when a few signal groups posted that Bitcoin ETF approval was more likely to sell. And eventually it will become true. I thought ETF approval would cause a historical change in the crypto world for price movements. Of course, the ETF is a historical event, but not for the price movements. It's normal because traders take advantage of the volatility. On the other hand, ETF volume isn't on the chain or similar to CEX. So we may not see the impact on the Bitcoin price. I am pretty sure it's a correction, and we might see soon Bitcoin start growing since halving on the way.
Im I the only one in fear that ETF could kill bitcoin?
I dont trust the old money and in my opinion everything they touch dies. Does anyone with more knowledge see a wedge where there greasy hands could destry the whole thing?
I dont trust the old money and in my opinion everything they touch dies. Does anyone with more knowledge see a wedge where there greasy hands could destry the whole thing?
We should wait a week and see how the flows will be to these etfs.
Yes it’s strange that as soon as it launched it had a huge dump. Especially on both days. Today we had a -$3000 day.
However when the flows were released from the funds, we net almost close to +$700M. So why did we dump? Maybe it was GBTC but they only outflow $90M.
So maybe it’s dumping because of the sell the news traders.
Yes it’s strange that as soon as it launched it had a huge dump. Especially on both days. Today we had a -$3000 day.
However when the flows were released from the funds, we net almost close to +$700M. So why did we dump? Maybe it was GBTC but they only outflow $90M.
So maybe it’s dumping because of the sell the news traders.
The price did pump when SEC approved 11 spot ETF but it does not last long. The price of BTC goes up to $47k but it was a temporary pump because many people who has long position possibly cashed out when the price increase resulting to the price of BTC revert back to what it was before the SEC announcement. I don't think the price of BTC dumped but rather it correct itself and simply goes sideway.
The next is Bitcoin will pump. 
I think right now other people are really excited with Bitcoin ETFs, but after it's already approved, they start to sell their coins. Right now, it's quite stable and this might be the price correction. After all we're looking for long term and next year Bitcoin will reach new ATH.
I think right now other people are really excited with Bitcoin ETFs, but after it's already approved, they start to sell their coins. Right now, it's quite stable and this might be the price correction. After all we're looking for long term and next year Bitcoin will reach new ATH.
Of course it will. It always does.
It's really easy to explain what's up.
Grayscale wanted to avoid this and allow people to convert their GBTC into ETF, but the SEC did not allow it. They demanded a cash conversion, so GBTC has to send bitcoin to coinbase, sell it, buy it back and put it in ETF custody to be able to sell ETF shares... Tell me this isn't stupid and pointless, but they had to agree to this to get the approval from the SEC...
They sold 2k bitcoin today, but this money is coming back in the form of ETF shares. It's not being dumped to exit the market.
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