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Bitcoin has experienced a significant pullback of over 10% from its record high, driven by a decrease in the demand for spot Bitcoin ETFs. JPMorgan warns that the retreat could deepen further as net inflows into spot Bitcoin ETFs have slowed considerably, indicating an overbought market. The market sentiment remains cautious as investors anticipate more profit-taking ahead of the halving event.
🗞️ Top5 Crypto News from Today 👇 @SECGov's @GaryGensler calls for #crypto market cleanup Montenegro to release @stablekwon pending extradition #Memecoins boost #Solana over #Ethereum; #ETH dips Surge in #BTC futures suggests volatility #Bitcoin aims for 7-month win streak
🗞️ JPMorgan report says $BTC still looks overbought 🗞️ Do Kwon's extradition to South Korea is delayed @JennSanasie has today's top crypto headlines on "CoinDesk Daily" 👇 https://t.co/zTQqin135I
#Glassnode reports the upcoming #Bitcoin halving may not impact $BTC economics as before, due to the rise of spot ETFs. Spot ETFs, by attracting more investors through traditional exchanges, have introduced significant demand, potentially offsetting the halving's supply squeeze… https://t.co/KIW7hnTw9H
