BTC price "profit taking" has resulted from large ETF inflow days in the past, while both Bitcoin and Ether shrug off the latter's ETF launch day.
Bitcoin (BTC) risks a spate of “profit taking” and price weakness, even as institutional buying surges.
In his latest analysis on X on July 23, popular trader Skew warned of a “headline curse” as the United States spot Bitcoin exchange-traded funds (ETFs) took in over $500 million.
Bitcoin ETF popularity is enjoying a renaissance this week, but the good times are far from guaranteed to stay, Skew says.
