Crypto Australia🇭🇲🇭🇲

💰HashKey: Spot Bitcoin ETF issuers own 3.9% of the BTC supply. BlackRock already has 11,500 BTC on its balance. ▫️Kaiko: Bitcoin has been facing selling pressure since the Bitcoin spot ETF was listed. ▫️Arthur Hayes: Bitcoin ETFs could attract billions of dollars from the TradFi market. By Crypto Australia

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🚀If you superimpose all the key historical events in the world of crypto onto the Bitcoin chart, it turns out that positive events happened at the tops, and negative ones - at the bottoms Analyze the green events (the launch of Bitcoin futures on CME in December 2017, or the IPO of the Coinbase exchange in April 2021) and the red ones (the collapse of FTX in November 2022, the bankruptcy of the largest Silicon Valley bank in March 2023) ✅The latest green event on the chart is the launch of spot Bitcoin ETFs By Crypto Australia

#BTC didn't played alot of movement after tapping into the Major Support Zone but market trying to recover a bit. Well, the move seems to be very corrective, so it might reject from any point of the market nearby $43,500. Also, it stuck up into a range so its always better wait for the price to break either side of zone. By Crypto Australia

Fear and greed index: neutral after 3 month of strong greed. Correction and ETF hype has finished? By Crypto Australia

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