The concept of ‘sell the news’ refers to a market dynamic where asset prices increase in anticipation of a bullish event, only to decline shortly after the event occurs. In the context of Bitcoin, the approval of a spot ETF is considered a bullish development, potentially increasing institutional inflows. However, CryptoQuant’s analysis suggests that this may lead to a market correction, as traders take profits, which could trigger a price drop. CryptoQuant’s analysis points out that short-term Bitcoin holders are currently enjoying unrealized profits of around 30%, a scenario historically followed by price corrections. The data provider predicts a possible decline in Bitcoin’s price to the short-term holder realized price of $32,000, indicating a significant correction from its current trading value.
LIVE
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
