Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko
Summary
Bitcoin has faced selling pressure following the debut of spot exchange-traded funds in the U.S. Binance, OKX, and Upbit have seen concentrated selling. The cumulative volume delta (CVD) indicates Binance led the sell-off, with significant capital outflows. Analysts suggest prices may drop further to $40,000 or lower. The weak performance of ETFs supports the case for a deeper price drop.
