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#BTC falls below $60K - buy the dip or wait?
Bitcoin ETF Investors Became Vital: Highest Inflow in 2 Weeks Seen!
Spot Bitcoin ETF investors made large purchases by evaluating the Bitcoin decline.
Bitcoin ETF investors seized the sharp drop in the cryptocurrency market as an opportunity. Bitcoin fell below $54,000 on Friday morning, and then showed signs of a slight recovery.
According to ETF data, American investors noticed that Bitcoin experienced a historic drop after the Independence Day holiday on July 4th and made purchases. According to Farside Investors, Bitcoin ETFs recorded a net inflow of $143.1 million, the highest entry in the last two weeks, on Friday.
Fidelity's Wise Origin Bitcoin Fund (FBTC) attracted a net new investment of $117.4 million, and other funds also showed positive inflows.
According to CoinGecko data, the price of Bitcoin, which was averaging $61,000 on Wednesday, sharply dropped to below $54,000 parallel to the commencements of Mt. Gox's repayments and the sales in Germany and the U.S.
#GateioInto11 #ContentStar