Trader optimism soared following the approval of spot Bitcoin and Ethereum ETFs in Hong Kong. However, the initial reaction was less than stellar, with Bitcoin experiencing a -6% drop in value. ðŸ‡ðŸ‡° Trader optimism is high after #HongKong approved spot #Bitcoin & #Ethereum #ETF’s today. Unsurprisingly, though, the initial market impact has been negative, with $BTC dropping -4.5% since the news hit the public. When #FOMO dies down, expect a bounce. https://t.co/aJypD7nAi7 pic.twitter.com/TIFy0T1IPF — Santiment (@santimentfeed) April 15, 2024 Despite market volatility over the weekend, Bitcoin key stakeholders have shown resilience, holding onto their positions. Notable whale groups have been actively accumulating
The post Market Sentiment Sours Despite ETF Approval: Bitcoin Holders Stand Firm appeared first on The Merkle News.
