Bitcoin Price Drops 14% From Highs Despite ETF Hopes; Analyst Sees Potential Further Downside to $15K
• Bitcoin price dropped 14% from recent highs despite spot BTC ETF approvals and inflows
• Outflows from Grayscale's GBTC fund contributed to Bitcoin's sell-off as investors took profits
• Gareth Soloway sees risk of Bitcoin falling to $15K if there's a "bad recession" and 50% equity market correction
• Soloway notes Bitcoin topped in late 2017 and 2021 just before broader markets did, sees possible market top incoming
• If Bitcoin sells off more, Soloway would be a buyer around $30K-32K level, but sees chance of drop to $15K