Bitcoin Prices Drop 15% as ETF Euphoria Fades, Raising Caution on Further Downside
• Bitcoin prices fell 15% after spot ETF listings, with Grayscale outflows adding downward pressure • ETF trading volumes crossed $500M, showing demand from funds and traders • Coinbase saw record OTC transfer volumes as ETF custodian • CryptoQuant says further downside risks remain as short-term traders and whales continue selling • Analysts point to dampened upside strength and methodical selling near recent highs as caution signs