Glen Goodman, author of Crypto Trader, announced that he started selling some of the Bitcoins in his portfolio.
Speaking to Bloomberg, Goodman said: “The price may continue to rise if more people start to get excited about the ETF being approved. But I think the risk-reward ratio doesn’t look good at these levels to stay safe.” said.
Bloomberg analyst James Seyffart says spot Bitcoin ETFs 90% chance it will be approved and the decision in this direction Between 8-10 January He thinks he will come out.
Goodman, “When it comes to whether or not this is overpriced, I’d probably say it’s totally overpriced. “When you look at the funding rates of futures on crypto exchanges such as Binance, you see levels that can be considered foam.” he commented.
Goodman also notes that the “boss” here SEC Chairman Gary Gensler that he is, he is If the applications are deemed insufficient He reminded that the entire process could be postponed.