Bitcoin : This time the ETF rejection that will be announced this week is priced in

Bitcoin : This time the ETF rejection that will be announced this week is priced in

So, don’t expect big drop. Maybe we will see a small drop and then – short squeeze.

Now short positions are close to the record high (at Bitfinex).

Type this into TradingView to see the difference between shorts and longs:

BITFINEX:BTCUSDSHORTS-BITFINEX:BTCUSDLONGS

Also, “institutional investors” already have a various methods to buy Bitcoin without using the ETF.

Remember: not your keys → not your bitcoins.

(I am talking about ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. There are other ETFs waiting for approval or rejection.)

View the link

Bitcoin

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: tedjonesweb

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