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Bitcoin faces possible plunge to $70,000 if ETF sell-offs persist – TON BOT

TON BOT

Bitcoin faces possible plunge to $70,000 if ETF sell-offs persist

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Arthur Hayes, co-founder of BitMEX, predicts Bitcoin’s price could drop to $70,000 due to bearish momentum. Institutional investors are focusing on spot Bitcoin ETFs for higher returns, potentially triggering a price drop. US-based spot Bitcoin ETFs saw significant outflows last week, with Fidelity’s FBTC and BlackRock’s IBIT leading the losses.

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