How will BTC ETFs in particular or crypto ETFs in general make a difference in this uptrend season?
First, we need to clarify the concept of ETFs. Unlike investments from investment funds, ETFs are generally an organization that trades BTC on behalf of users, similar to buying gold certificates but not holding a single gold bar.
So what difference does this make?
In my personal opinion, this uptrend season will be easier for those who have been in the market for a long time (having experienced 1-2 uptrend seasons) because the high volatility of the cryptocurrency market is completely different from the traditional financial market that is familiar to those who use ETFs.
Looking at the chart, we can see that the volume of ETFs goes exactly the way the market wants us to participate - Buy at the top and sell at the bottom.
So what should we pay attention to with this new uptrend season?
BTC may not run straight like previous seasons but may be sluggish and every 2-3 weeks there will be strong fluctuating candles (Both up and down) to shake off ETF funds.
With the mentality of new investors coming to Crypto through ETFs, buying at a price > $85k for 1 $BTC , just a swing price of $80-85k within 2 weeks is enough for them to cut losses or close the deal before btc pumps
So always observe the volume of the BTC ETF market to predict the bullish candle. BTC is likely to pump strongly after the volume of this market decreases and then will make dump and swing candles for ETF investors to sell to cut losses. Based on that factor, we will create a difference in our investment style in the 2024-2025 uptrend season
