Bitcoin is dumping after ETF approval?

[0t3p0t]

For me this is quiet normal with Bitcoin. Every time there's an ATH correction will follow. But if there is something really happening on the market right now I think whales dumping their holdings and yeah this is not new.

[Primo1760]

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?

After the approval of the Bitcoin ETF, the Bitcoin market rose slightly, but since the approval of the Bitcoin ETF, there has been a lot of bloodshed in the market. We can see that the Bitcoin market is at today's low of $38,555. This may be your last chance to invest before the Bitcoin halving. But those influential market experts are not deterred from investing right now, they have invested and are waiting for a very quick profit. But the current dumping I have not missed I have invested myself though my amount is less. I am not at all worried about this dumping of Bitcoin as this dumping is an early sign of a bull run.

[satpol_PP]

it's bad condition, after ETF approved bitcoin price dropped.
Hopefully it's just whales manipulation and bitcoin price will go up again more 50K to face bitcoin having April this year.
We realize, crypto market is always volatile and unpredictable.
But I think we still have opportunity to buy more bitcoin and altcoin at this time

[TopT3ns]

it's bad condition, after ETF approved bitcoin price dropped.
Hopefully it's just whales manipulation and bitcoin price will go up again more 50K to face bitcoin having April this year.
We realize, crypto market is always volatile and unpredictable.
But I think we still have opportunity to buy more bitcoin and altcoin at this time

Bitcoin and altcoin prices are influenced by various factors such as market sentiment, adoption, regulatory changes and macroeconomic events.

If you believe in the long-term growth potential of Bitcoin and certain altcoins, and have a good investment strategy, buying low could be an opportunity. However, it is important to conduct thorough research before making an investment decision, understand the risks involved, and only invest funds you can afford to lose.

Meanwhile, if the Bitcoin price movement approaches halving, there is a possibility that it will rise again to $50k depending on demand and good news circulating on several news sites.

[Altcoin1998$]

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?

After the Bitcoin ETF approval, the Bitcoin market was expected to rise, but instead of Bitcoin rising, there was a rather large correction. I think the massive dumping after the Bitcoin ETF approval is essentially a golden opportunity for Bitcoin investors ahead of the Bitcoin halving.  Bitcoin halving time is not much because it can be predicted with certainty that the Bitcoin market will increase a lot after April. Those who can use this downward market i.e. those who can invest at this time will definitely have the possibility of getting big profits after Bitcoin halving.

[DAMKAR]

Meanwhile, if the Bitcoin price movement approaches halving, there is a possibility that it will rise again to $50k depending on demand and good news circulating on several news sites.

Yeah, demand always being basic factor for price of crypto.
When demand increase and supply stuck, I think bitcoin price will go up.
Hopefully nothing negative issue  against bitcoin and crypto.
We always face the FUD, but keep calm.
Bitcoin has been predicted will touch new ATH at this year, So I don't care about negative news.

[famososMuertos]

it's bad condition, after ETF approved bitcoin price dropped.
Hopefully it's just whales manipulation and bitcoin price will go up again more 50K to face bitcoin having April this year.
We realize, crypto market is always volatile and unpredictable.
But I think we still have opportunity to buy more bitcoin and altcoin at this time

In reality, if there was an expectation for the price to rise and it happened, right? now what happens is that there are only exits and they are reflected in GBTC as the main "benefactor", for now the entries are few for the ETFs.

^{Additional information:https://cointelegraph.com/news/bitcoin-spot-etfs-76-million-outflows-day-seven-trading}

[MVL~$]

The price of Bitcoin has decreased slightly in these few days. But I think this is the perfect time to invest and hold on to Bitcoin. ETF Bitcoin market will definitely have impact but maybe after some time. We still have time to collect coins.  Bitcoin will likely rise in value soon.

[Perfect540]

The price of Bitcoin has decreased slightly in these few days. But I think this is the perfect time to invest and hold on to Bitcoin. ETF Bitcoin market will definitely have impact but maybe after some time. We still have time to collect coins.  Bitcoin will likely rise in value soon.

No effect of Bitcoin spot ETF approval is observed with Bitcoin market fluctuations.  Many of us thought in advance that the Bitcoin spot ETF would increase in price if the Bitcoin spot ETF was approved, but in reality, the opposite has happened.  After the approval of the Bitcoin ETF, the Bitcoin market rose for two to four days, but recently the Bitcoin market has fallen so much that it has dropped from $48,000 to $39,000.  Many experts have predicted that Bitcoin will most likely go below $30,000.  So we can easily understand that bitcoin spot ETF approval has nothing to do with bitcoin price decline.

[Peter90]

Reasons Why Bitcoin is Dumping after
the historic spot ETF approval -

1) There was a strong speculation
leading towards the ETF approval,
now it’s approved people doesn’t
have anything to speculate on and
many expected it to pump towards
$55k after approval coz that didn’t
happen people are just taking profits
or selling in disappointment.

2) Bitcoin pumped from the Bottom
of $15,400 to $49,000 with fomo
elements of ETF so the correction
was naturally due and this might be
sell thenews event for many who
bought bitcoin earlier below $20k.

3) Money is moving from Bitcoin to
ETH now. People are selling BTC and
buying ETH coz they know ETH spot
ETF is coming next and ETH haven’t
really pumped yet so they are moving
to undervalued asset.

Nice analysis

4) Banks... financial institutions... Wall Street... insiders... financial media... playing again their game, just as 2 years ago when ProShares Bitcoin Strategy ETF (BITO) launched on 19 October 2021

"Though I haven’t spotted any signs as of yet that a big crash is coming after the release of the spot BTC ETF, this is the typical banker modus operandi after releasing a BTC derivative product."

Impact of the upcoming BTC ETF on the BTC price: A contrarian view

[bitterguy28]

The price of Bitcoin has decreased slightly in these few days. But I think this is the perfect time to invest and hold on to Bitcoin. ETF Bitcoin market will definitely have impact but maybe after some time. We still have time to collect coins.  Bitcoin will likely rise in value soon.

It grows back now above 40k and staying good that is temporary dump as some are selling so its just correction and make sure that you have all have bought at that cheaper price because it might be the lowest we can have till the bull comes , take this advantage in buying more guys .

[elbans89]

It grows back now above 40k and staying good that is temporary dump as some are selling so its just correction and make sure that you have all have bought at that cheaper price because it might be the lowest we can have till the bull comes , take this advantage in buying more guys .

Yeah, bitcoin is growing up again.
It's correction after ETF approved or manipulation.
Whales want to buy more bitcoin in bottom.
We didn't why..
But forget it, better to buy more when dump.
It's about long term investment.
Buy now when low and hold until next year.
We can sell at bullish season.

[Rubel007]

The price of Bitcoin has decreased slightly in these few days. But I think this is the perfect time to invest and hold on to Bitcoin. ETF Bitcoin market will definitely have impact but maybe after some time. We still have time to collect coins.  Bitcoin will likely rise in value soon.

It grows back now above 40k and staying good that is temporary dump as some are selling so its just correction and make sure that you have all have bought at that cheaper price because it might be the lowest we can have till the bull comes , take this advantage in buying more guys .

Ups and downs are the religion of trading platform. So the price fluctuation is not major issue. Bitcoin is now in the spotlight in the world of trading, people have different strategies with it. There was a lot of discussion for the Bitcoin ETFs approving but despite the Bitcoin ETFs approval the price of Bitcoin started to fall. I think this is a strategy in trading platform. But an investor needs to understand that there are different games play in this platform. While whale investors sit down to get an opportunity to buy, some investors are frustrated and thinking of selling Bitcoin. A good dreamers of Bitcoin will surely take this dump as their opportunity.

The phenomenon we see in Bitcoin price declines is that Grayscale charges 1.5 percent from their clients while BlackRock charges 0.12 percent. Maybe these charges have some effect on the market. But in fact these are nothing. The implication here is to buy the dip and hold.

[summonerrk]

We all failed to calm down after the announcement of the adoption of the ETF, as the US Government notified of its intention to sell 2,875 BTC worth ~ $115 million, confiscated from drug dealers of the Silk Road darknet marketplace.
And note that this is just a notification, and I always take seriously only actions after the fact. And notifications are for FUD. And I have a feeling that there will only be more of it.

[Linda78]

After the Bitcoin ETF was approved, everyone thought that the value of Bitcoin would increase, but the opposite happened.  I think that the Bitcoin market seems to be going down a lot.  A golden opportunity is coming for investors to dump the price of Bitcoin.  It is especially well understood that Bitcoin will start pumping again after about half of this year.  Now if investors keep buying bitcoins with their money, investors will definitely get good results.  Now is the best time to take advantage of this bearish market for Bitcoin.  I think it's pretty clear that the Bitcoin Spot ETF approval has nothing to do with Bitcoin dumping the market.