Crypto Quake Ahead: Bitcoin ETF Approval May Trigger Market Shift, Warns CryptoQuant! Crypto community, get ready for potential market ripples! CryptoQuant issues a cautionary note, hinting at a "sell the news" scenario post Bitcoin spot ETF approval. Hold tight, as the crypto landscape might be in for a shake-up!
According to CryptoQuant's analysis, the current surge in unrealized profits among traders historically foreshadows a corrective phase. Smart traders often exploit optimistic sentiments, leading to closures and liquidations. Is a market shake-up imminent?
While the ETF approval is generally seen as bullish, a short-term dip could precede the anticipated surge. Brace yourselves for a crypto rollercoaster ride!
CryptoQuant's note highlights the 30% unrealized profit margins for short-term Bitcoin holders – a historical signal that often precedes corrections (keep an eye on those red circles). Are you prepared for the crypto quake?
Source
https://t.me/CryptoNewsSource
