The approval of the first spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Jan. 10 was a significant milestone in the crypto market. However, the milestone led to even more significant volatility in Bitcoin’s price and on-chain activity. Initially, Bitcoin’s price showed a positive reaction to the news of the ETF […]
Short-term holders drive Bitcoin’s post-ETF volatility Short-term holders drive Bitcoin’s post-ETF volatility
Spike in exchange inflows from short-term holders marks sharp response to Bitcoin ETF news.
3 min read
Updated: Jan. 15, 2024 at 11:19 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
