What happened when iShares Bitcoin ETFs "flashed back" after DTCC was launched? MicroStrategy holds a long position in Bitcoin of $4.7 billion, with an average price of approximately $29520 per Bitcoin; After a significant increase in Bitcoin prices, due to the RSI index being in the overbought range, there may be a price correction in the future
What happened when iShares Bitcoin ETFs "flashed back" after DTCC was launched? MicroStrategy holds a long position in Bitcoin of $4.7 billion, with an average price of approximately $29520 per Bitcoin; After a significant increase in Bitcoin prices, due to the RSI index being in the overbought range, there may be a price correction in the future.
There are reports that Bitcoin spot ETF "iShares Bitcoin Trust" has soared in price immediately after being listed on the Nasdaq trading and clearing company Depository Trust clearing Corporation (DTCC). This progress sparked speculators' enthusiasm.
After the news of iShares Bitcoin Trust's listing spread, Bitcoin briefly broke through $35000 on Tuesday. But later there were reports that the fund had been delisted from DTCC. This triggered a rapid decline in the price of Bitcoin, with a drop of over $1000. As of the time of writing, the price of Bitcoin remained roughly stable at $33500.
As the world's largest cryptocurrency, the price of Bitcoin BTC has recently hovered between $33500 and $34500. In fact, I believe that falling back from the high to this level is a good thing for bulls, as once the spot Bitcoin ETF is finally approved, the current decline will enable Bitcoin to initiate a greater rise.
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