- U.S. Bitcoin ETFs experience the third-largest sell-off, highlighting the contrasting moves in the crypto markets.
- History is set to repeat itself as analysts predict a bull run similar to that of 2021 after FED cuts interests rate this September.
U.S. ETFs recently traded 3,750 Bitcoin [BTC], marking the third-largest sell-off since their inception. Despite this, BlackRock bucked the trend by buying 683 BTC.
Meanwhile, other major players in the ETF market made significant sales: Fidelity offloaded 1,646 BTC, ARK sold 1,387 BTC, Grayscale parted with 569 BTC, Bitwise sold 465 BTC, and VanEck sold 364 BTC.
This substantial sell-off as per Net Bitcoin ETF Flows on Flows.heyapollo.com reflected varied strategies and market perspectives among these leading financial institutions.
The contrasting moves highlighted the ongoing volatility and differing outlooks within the cryptocurrency market, particularly among institutional investors.
This may result in short-term decline on the Bitcoin market.

Source: Flows.heyapollo.com
Will August see Bitcoin reach $44k?
There is potential for the crypto market to get slammed into next week, but this is when you want to be bullish, not during big green candles on the back of $BTC strategic reserve news story.
BTC was bearish from mid-March to April, failed to break the high in May, and became bearish again from mid-June.
The bias remains unchanged, expecting a low in August though we don’t know exactly where this low will land, but soon it will be bullish again.
First, we must enter the demand zone and the period of opportunity. The BTCUSD chart suggested that reaching the $44k zone might lead to price skyrocketing to $100k.

Source: TradingView
Additionally, in just two weeks, the Fear & Greed Index has shifted from a greedy 71 to a fearful 34, indicating that more people are liquidating their assets amidst rising market uncertainty.

Source: Alternative.me
Will the 2021 crypto bull run repeat itself?
However, 2020 history seems poised to repeat itself when markets crashed due to economic fear from COVID-19 and the ensuing economic decline but later rallied.
The Federal Reserve responded by cutting interest rates and implementing quantitative easing to support the economy, leading to the crypto bull market of 2021.
Today, markets are again plummeting due to economic fears from a weak job report and economic decline.
Read Bitcoin’s [BTC] Price Prediction 2024-25
The Federal Reserve is expected to cut rates in September and initiate quantitative easing once more.
AMBCrypto’s analysis of TradingView data suggested similar economic fears and monetary responses are in play, potentially setting the stage for another market recovery akin to the post-2020 scenario.

Source: TradingView
- U.S. Bitcoin ETFs experience the third-largest sell-off, highlighting the contrasting moves in the crypto markets.
- History is set to repeat itself as analysts predict a bull run similar to that of 2021 after FED cuts interests rate this September.
U.S. ETFs recently traded 3,750 Bitcoin [BTC], marking the third-largest sell-off since their inception. Despite this, BlackRock bucked the trend by buying 683 BTC.
Meanwhile, other major players in the ETF market made significant sales: Fidelity offloaded 1,646 BTC, ARK sold 1,387 BTC, Grayscale parted with 569 BTC, Bitwise sold 465 BTC, and VanEck sold 364 BTC.
This substantial sell-off as per Net Bitcoin ETF Flows on Flows.heyapollo.com reflected varied strategies and market perspectives among these leading financial institutions.
The contrasting moves highlighted the ongoing volatility and differing outlooks within the cryptocurrency market, particularly among institutional investors.
This may result in short-term decline on the Bitcoin market.

Source: Flows.heyapollo.com
Will August see Bitcoin reach $44k?
There is potential for the crypto market to get slammed into next week, but this is when you want to be bullish, not during big green candles on the back of $BTC strategic reserve news story.
BTC was bearish from mid-March to April, failed to break the high in May, and became bearish again from mid-June.
The bias remains unchanged, expecting a low in August though we don’t know exactly where this low will land, but soon it will be bullish again.
First, we must enter the demand zone and the period of opportunity. The BTCUSD chart suggested that reaching the $44k zone might lead to price skyrocketing to $100k.

Source: TradingView
Additionally, in just two weeks, the Fear & Greed Index has shifted from a greedy 71 to a fearful 34, indicating that more people are liquidating their assets amidst rising market uncertainty.

Source: Alternative.me
Will the 2021 crypto bull run repeat itself?
However, 2020 history seems poised to repeat itself when markets crashed due to economic fear from COVID-19 and the ensuing economic decline but later rallied.
The Federal Reserve responded by cutting interest rates and implementing quantitative easing to support the economy, leading to the crypto bull market of 2021.
Today, markets are again plummeting due to economic fears from a weak job report and economic decline.
Read Bitcoin’s [BTC] Price Prediction 2024-25
The Federal Reserve is expected to cut rates in September and initiate quantitative easing once more.
AMBCrypto’s analysis of TradingView data suggested similar economic fears and monetary responses are in play, potentially setting the stage for another market recovery akin to the post-2020 scenario.

Source: TradingView
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