Bitcoin is dumping after ETF approval?

[DabsPoorVersion]

Well it has been said that it is normal to see dumping now because of over expectations to the market movement while those  institution that given the rights to purchase and own bitcoin are still waiting for the right timing so expect this stranded increase for a while or this may take long as the Halving is months before coming and we knew the effect to the market over the years.
that the prices really dumps in this kind of time so be ready to purchase more than selling guys because this is our opportunity to take advantage of the situation .

Yes. The recent dump in the price of Bitcoin is just a normal situation. The recent approval of the spot ETF doesn't only mean that the price will continue to increase. A lot of new investors won't invest right away after the update, it will always take them a while to think whether to invest in Bitcoin or not. Being new to the cryptocurrency market means they'll need more time and information before making an informed decision.

[NikeFit_7777]

Wait and see, my friend. We're all gearing up for the upcoming halving in a few months, and it's inevitable. Maybe ETFs haven't yielded positive results for you, but your feelings might be misleading. Market responses can come at unexpected times, so it's better to monitor first and not rush into decisions, except perhaps the decision to buy more.

I also anticipate a bull run if the ETF gets approved, but if the prices move in the opposite direction, I won't hastily sell my BTC. Stay calm and keep an eye on the market for some time ahead.

Why do you think so? What are your (specific) bitcoin exchange rate goals for 2024? I don't mind seeing a price of 20,000 for 1 bitcoin. That's not the point. Before we see such prices on the market, something global has to happen. There are some guys who can set the market (as needed). Everyone knows Sec - here they are, at every opportunity they will do what their heart desires. And you and I will already be pushed away from the current situation on the market. 

Or they will cheat us, lower the price some more and then take a spot ETF-ETH = the whole market will give 5% to 15% in a few hours. As always, you can't guess 100% what it's going to be and how it's going to be. 

[Fivestar4everMVP]

The ETF approval was sure turned into a "buy the rumor, sell the news" kind of thing, the bitcoin market didn't move as much as many of us expected it to upon the announcement of ETF approval, and this to me personally is because, those, that is, the firms who bought bitcoin in large quantities upon the approval of the bitcoin spot ETF, all did so over the counter, to avoid pushing the price of bitcoin up which could be considered as market manipulation by the SEC.

But then, we should not loose hope, the main bitcoin bull run is coming, and when it does come, both the ETF approval, and the halving, plus a host of other stuffs that will act as a catalyst, will altogether, contribute to a massive run up of the bitcoin price, and the entire cryptocurrency market.

[LUCKMCFLY]

We should not be alarmed about the price of bitcoin , it is Known that at any time the price will rise, the usual thing happens here , everyone thinks that bitcoin will rise in Price because the ETF approvals require it and it is not bad , it is logical Only now it won't happen , it will happen , but what is expected is that it will be in a range of 3 to 4 months, and those who don't know this are taking advantage of lowering the price to take the bitcoins out of the hands of those more weak hands, in this order of things we are people who will always be at the forefront of this, But we know that what others or the masses expect, the opposite happens.

This is an opportunity to buy rbitcoin at a low price , well it's not that it's that low but I'm Working if it has fallen in price and we have to take advantage of that, otherwise I don't see Anything else that Could affect it, all the time we expect it from bitcoin Well , the Opposite happens , but when what has to happen really happens , it will be a great price to which Bitcoin will rise.

[jeraldskie11]

Seems like Bitcoin and the whole market is in Blood days now day after that ETF approval , is this something to be alarm for? or just another Correction that we have had before the approval?

Am not worrying of anything but just curious to what had happened today?

This just means that the news is only used to manipulate the market to deceive investors to lose money. If you know how to TA we will know that it is very possible that the price of Bitcoin will go down. But those who only depend on the news will immediately believe that it will continue to rise, especially when they hear the approval of the ETF.

[UNIVERSE]

This just means that the news is only used to manipulate the market to deceive investors to lose money. If you know how to TA we will know that it is very possible that the price of Bitcoin will go down. But those who only depend on the news will immediately believe that it will continue to rise, especially when they hear the approval of the ETF.

This makes perfect sense, whether the news is good or bad, there will definitely be manipulation in the market, the ultimate goal of which is of course to benefit the Welsh. Even though we might think that it is impossible to manipulate the crypto market, the reality is that it still exists and those who have the power can do it. Many people predict that after the ETF occurs, prices will continue to soar at an increasing rate. and most traders or investors have prepared for this. but in reality it only lasted a very short time and then it was slammed so hard that it caused panic.

 It is at this time that certain parties are partying to capture more and more Bitcoin. The aim is of course to get ready if later they can pump the market again and get high profits again. and that's the cycle

[Baofeng]

This just means that the news is only used to manipulate the market to deceive investors to lose money. If you know how to TA we will know that it is very possible that the price of Bitcoin will go down. But those who only depend on the news will immediately believe that it will continue to rise, especially when they hear the approval of the ETF.

This makes perfect sense, whether the news is good or bad, there will definitely be manipulation in the market, the ultimate goal of which is of course to benefit the Welsh. Even though we might think that it is impossible to manipulate the crypto market, the reality is that it still exists and those who have the power can do it. Many people predict that after the ETF occurs, prices will continue to soar at an increasing rate. and most traders or investors have prepared for this. but in reality it only lasted a very short time and then it was slammed so hard that it caused panic.

 It is at this time that certain parties are partying to capture more and more Bitcoin. The aim is of course to get ready if later they can pump the market again and get high profits again. and that's the cycle

According to this numbers though,



https://twitter.com/BitMEXResearch/status/1745856528983171294?s=20

So there are a lot of money that did flow on the market. But perhaps this is just a easy decision to sell when the price hits $49k and everyone jumps in, push the sell button and then take profits in short term.

And then go back on the market again when the price goes to like $40k'ish. So we can't blame those who take advantage. But if we look at the long term, we still have the halving coming in April and this will be catalyst for a bull run. And maybe that's the time that this institutions will go back and fill their bags again.

[bitterguy28]

Seems like Bitcoin and the whole market is in Blood days now day after that ETF approval , is this something to be alarm for? or just another Correction that we have had before the approval?

Am not worrying of anything but just curious to what had happened today?

This just means that the news is only used to manipulate the market to deceive investors to lose money. If you know how to TA we will know that it is very possible that the price of Bitcoin will go down. But those who only depend on the news will immediately believe that it will continue to rise, especially when they hear the approval of the ETF.

So what about now that we can see another dumping and now this is even worst below 40k that we have been holding for 2 months.

This just means that the news is only used to manipulate the market to deceive investors to lose money. If you know how to TA we will know that it is very possible that the price of Bitcoin will go down. But those who only depend on the news will immediately believe that it will continue to rise, especially when they hear the approval of the ETF.

This makes perfect sense, whether the news is good or bad, there will definitely be manipulation in the market, the ultimate goal of which is of course to benefit the Welsh. Even though we might think that it is impossible to manipulate the crypto market, the reality is that it still exists and those who have the power can do it. Many people predict that after the ETF occurs, prices will continue to soar at an increasing rate. and most traders or investors have prepared for this. but in reality it only lasted a very short time and then it was slammed so hard that it caused panic.

 It is at this time that certain parties are partying to capture more and more Bitcoin. The aim is of course to get ready if later they can pump the market again and get high profits again. and that's the cycle

I always do believe that manipulation is on the table , though hard to believe but it is given that big news and big players are capacitated to make that run in manipulations.

[retreat]

Even after the approval of Bitcoin ETF the Bitcoin market declined and now it has fallen past $40k USD, it proves that most of the people who invested before the approval of Bitcoin ETF only wanted short term profits and when the market did not develop as they expected they withdrew from the market. That already explains how this Bitcoin ETF only makes Bitcoin more volatile and it doesn't have any positive effect on Bitcoin, it only provides profits to the corporations.

[EthereumDev_]

Even after the approval of Bitcoin ETF the Bitcoin market declined and now it has fallen past $40k USD, it proves that most of the people who invested before the approval of Bitcoin ETF only wanted short term profits and when the market did not develop as they expected they withdrew from the market. That already explains how this Bitcoin ETF only makes Bitcoin more volatile and it doesn't have any positive effect on Bitcoin, it only provides profits to the corporations.

Crypto market dynamics can be very complex, influenced by various factors including market sentiment, regulation, and economic news. Bitcoin ETF acceptance may fuel volatility, but the long-term effects are still up for debate. Some investors may be looking for quick profits, while others have a long-term view of Bitcoin's growth potential. It should be noted that crypto markets tend to be volatile, and investing always involves risk.

[therozaq]

Even after the approval of Bitcoin ETF the Bitcoin market declined and now it has fallen past $40k USD, it proves that most of the people who invested before the approval of Bitcoin ETF only wanted short term profits and when the market did not develop as they expected they withdrew from the market. That already explains how this Bitcoin ETF only makes Bitcoin more volatile and it doesn't have any positive effect on Bitcoin, it only provides profits to the corporations.

Yeah , maybe several investors just want to gain short term.
But We should have other opinion, maybe it's just manipulation from whales.
After ETF bitcoin approved , they want to buy at bottom.
So, the bitcoin price decrease.
Any assumptions here.
Keep calm and better to buy more.
Believe it, bitcoin price will go up again after bitcoin halving.

[gunhell16]

Seems like Bitcoin and the whole market is in Blood days now day after that ETF approval , is this something to be alarm for? or just another Correction that we have had before the approval?

Am not worrying of anything but just curious to what had happened today?

Well, honestly speaking, I don't think that the approval of those approved by the SEC is a negative or bad moment for those who gave them an application. So what can be seen here is that for those who think that Bitcoin has no future and are thinking of selling it,  there are sure to be many whale investors waiting to buy it.

That's why the 11 companies that were approved are for sure quiet, but they are just waiting for the fall. They expect Bitcoin's bottom to drop, and then they will take advantage of buying a large amount of Bitcoin. But the question is: what will be the bottom price of Bitcoin in terms of value, especially now that the value of Bitcoin is at 39k$?

[Mayajal]

The Bitcoin market has been very bullish since the launch of the Bitcoin ETF, with only 88 days left until the Bitcoin halving. So after these 88 days Bitcoin halving will be organized, and before each halving comes a ample opportunity for investors to assign B in Bitcoin. The current low of 38K is the biggest opportunity, because if investors invest now, the Bitcoin price will definitely cross the high after the Bitcoin halving. So Bitcoin is not going down because of the approval of the Bitcoin ETF, Bitcoin is going down, which is a great opportunity for investors ahead of a halving.

[rdluffy]

Even after the approval of Bitcoin ETF the Bitcoin market declined and now it has fallen past $40k USD, it proves that most of the people who invested before the approval of Bitcoin ETF only wanted short term profits and when the market did not develop as they expected they withdrew from the market. That already explains how this Bitcoin ETF only makes Bitcoin more volatile and it doesn't have any positive effect on Bitcoin, it only provides profits to the corporations.

To be honest, it's more related to Grayscale probably selling BTC after ETFs
ETF fees are lower than those charged by Grayscale, so many investors may migrate to them
Not to mention that FTX may also have sold its share in Grayscale, making this dump move


Source

In a few days the price should rise again

[NicNacCoin]

Seems like Bitcoin and the whole market is in Blood days now day after that ETF approval , is this something to be alarm for? or just another Correction that we have had before the approval?

Am not worrying of anything but just curious to what had happened today?

We can see a lot of dumping in the market since the approval of Bitcoin ETFs. I don't know exactly what kind of signal this dumping shows but we also know that the market will dump a lot before bitcoin halving maybe the current dumping tie is a signal before that bitcoin halving. But I am not afraid of this dumping as I am now preparing for investment. Although I used the DCA method for investing, in the current dumping I made myself invest with some additional funds. Hopefully I can buy bitcoins from this dumping and wait until next year after the halving until the new ATH is created.