On the bearish side, some analysts point to the "ETF trap." With the average purchase price for many Spot Bitcoin ETFs sitting around $90,000, a large portion of institutional holders are currently in the red. Forecasts suggest that if Bitcoin fails to reclaim $80,000 soon, a wave of institutional capitulation could trigger a flash crash to the mid-$40,000s. $BTC #GateSquare$50KRedPacketGiveaway
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Institutional "Capitulation" Risk
On the bearish side, some analysts point to the "ETF trap." With the average purchase price for many Spot Bitcoin ETFs sitting around $90,000, a large portion of institutional holders are currently in the red. Forecasts suggest that if Bitcoin fails to reclaim $80,000 soon, a wave of institutional capitulation could trigger a flash crash to the mid-$40,000s. $BTC #GateSquare$50KRedPacketGiveaway