ETF Effect on Bitcoin Price May Be Over: SEC Debacle Led to Early Selling!

Cryptocurrency options markets analysis platform Greeks Live touched on the data after the spot Bitcoin (BTC) ETF sharing from the SEC.

GreeksLive made a statement on its Twitter account on January 10. in sharing, US Securities and Exchange Commission (SEC) He included the price movements and option transactions following the spot Bitcoin ETF post shared on his Twitter account.

The platform supports the majority of investors spot Bitcoin ETF He concluded that its effect on the price was limited. Greekslive also wrote that the already fragile strength of the Bitcoin price was exhausted with the latest news, and therefore many investors started selling early.

According to the data, on the other hand, many investors lever And in positions went to reduce it.

In addition to Greekslive spot Bitcoin ETF trading beyond expectations for more than a month what you see And many investors He emphasized that he took action accordingly.

SEC’s Twitter account was hacked and put into spotlight. Bitcoin ETF The post that it was approved initially brought about an increase in the price below expectations. Then with the news being fake hard on bitcoin There was a decline.


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