Last week, the prices of the BlackRock Spot Bitcoin (BTC) Fund exchanged (ETF) decreased by more than 11%, the volumes reaching the highest since mid-November, according to Data Source TradingView.
More than 331 million FNB shares, which is negotiated under the IBIT Ticker on Nasdaq, changed hands while the price of the fund fell below $ 50.69 in January, finally sliding at $ 46.07, the lowest since early November.
This could be a development of disappointment for Bulls. For decades, one of the cardinal rules on the market was that price movements must be validated by the commercial volume. This means that a lower price action is considered to have legs when accompanied by a significant increase in the number of shares or contracts negotiated on the stock market.
In addition, eccentric investors data show that investors have withdrawn more than a billion dollars from the ETF while the price slide and the lower CME base representing the performance of transport transactions, led to the sale of panic. The Ten ETF listed by the United States also bled money.
However, Ibit remains the largest ETF in the world, with 39.6 billion dollars in assets under management.
The negotiation volume fell back last Tuesday while Ibit broke down below the horizontal support at $ 50.69 to report more losses to come.
The technical perspectives remain lowering while the prices are lower than the old work medium.
