The introduction of spot ETFs has made sure to create a dual-edged sword for market volatility. While they bring massive capital inflows, they also concentrate immense power into fewer hands, just as the case of Michael Saylor who sold exactly 32 BTC, which amounted to roughly $2.5 million and helped make the bitcoin and crypto currencies market go into a current dip.
Here we go again another person actually thinking it was Saylor and microstrategy that actually sent bitcoin into this dip. I wouldn’t deny the fact that news or fundamentals like Saylor announcement of sell can actually changes the sentiment of certain investors and traders but I still will not say this was the news that sent us into this dip because looking at the market directly this dip has been inviting for some period of time now. We were in bullish sentiment for like two months and it shouldn’t have a surprise that the dip comes because we all know that this is more of bearish year.
Yes ETF approval brought adoption which brought more buyers and then obviously more holders to which is the driving force for a volatility reduction
