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 […]
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Short-term holders drive Bitcoin’s post-ETF volatility
Spike in exchange inflows from short-term holders marks sharp response to Bitcoin ETF news.
![Short-term holders drive Bitcoin’s post-ETF volatility](https://cryptoslate.com/wp-content/uploads/2024/01/bitcoin-sth-768x403.jpeg)
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