Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say
Briefly

"Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards," CryptoQuant analysts said. "Short-term traders and large bitcoin holders are still doing significant selling in a context of \"risk-off\" attitude."
"Intraday dynamics instead point to methodical selling near local highs, while bounces are occurring sharply and with less volume. This is a cautionary observation but not at all a verdict on the"
Read at Coindesk
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