As Bitcoin Prices Slide Below $40,000, Should You Buy the Dip or Sell?
- Date: 23-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
As Bitcoin Prices Slide Below $40,000, Should You Buy the Dip or Sell?
As Bitcoin (CCC:BTC-USD) prices collapsed this week, crypto investors have been left looking much like a deer in headlights. ETF flows for most of the six popular blockchain ETFs have largely remained stagnant even as crypto prices plummeted.
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The indecision highlights a worrying truth: Bitcoin investors are shifting from an aggressive profit-seeking crowd to one that's increasingly fearful of missing out. In March, the Grayscale Bitcoin Trust (OTCMKTS:GBTC) – a proxy for institutional investor interest – saw its NAV premium flip from positive to negative.