The volatility caused by the launch of spot Bitcoin ETFs in the U.S. has wiped over $115 billion off Bitcoin’s market cap. There has been a significant increase in realized losses in the week following the ETF launch, with short-term holders bearing the brunt of these losses. Significant outflows from Grayscale’s GBTC have led to […]
![The market is absorbing enormous selling pressure with little movement](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/01/bitcoin-sell-pressure.jpg&w=70&h=37&q=75)
The market is absorbing enormous selling pressure with little movement
On-chain metrics show that the market managed to absorb extremely high selling pressure in the face of Bitcoin ETF-induced volatility.
![The market is absorbing enormous selling pressure with little movement](https://cryptoslate.com/wp-content/uploads/2024/01/bitcoin-sell-pressure-768x403.jpg)
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