Market Dynamics Around Bitcoin ETF

maryan

New Member
Jul 23, 2023
6
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In recent developments, data tracked by Santiment reveals a notable shift in the behavior of large Bitcoin wallets in anticipation of a potential spot Bitcoin ETF. This shift involves the swift transfer of older tokens within these wallets, resulting in a significant reduction in the average holding duration of BTC within these addresses. Additionally, certain whale addresses may still be in the process of transferring substantial amounts of tokens, further influencing the average USD price of BTC.

So, it boils down to the same advice: buy on dips.