Key Insights:
- Bitcoin’s (BTC) price fell nearly 10% on Wednesday, Jan 3 after a panic selloff set off massive liquidations in the derivatives markets.
- The panic selloff triggered a speculative research note suggesting that the SEC might reject the ongoing ETF applications.
- Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off.
Bitcoin’s (BTC) price fell nearly 10% on Wednesday, Jan 3 following a panic selloff triggered by a a speculative research note suggesting that the SEC might reject the ongoing ETF applications. The latest market Sentiment Index readings provide clues on the dominant expectations among crypto investors, following Wednesday’s sell-off.
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