“Bitcoin plunged 28%. Institutional investors bought the dip”
August 20, 2024
“Spot crypto exchange-traded funds show that many investors bought the dip this week.
The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in value just as markets in Japan were nosediving.
The next read on spot bitcoin ETF exposure comes Wednesday with the 13F filing deadline..”
If I had to guess this selloff was mostly margin calls and liquidations. Also what I’m about to say is extremely important. Because Bitcoin is now linked to ETFs it will follow the stock market. That means get out before market corrections and crashes. Get in to buy the dip.