Products like ETFs are originally designed for traditional finance folks. Their understanding of cryptocurrencies may still be stuck on the concept of "digital gold." When real volatility hits, their mindset collapses.


This wave of selling might also be institutions adjusting their year-end positions. After all, the year is ending soon, and many funds need to close positions for accounting. Once this period passes, funds may flow back in.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)