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Ethereum World News 2022-06-20 16:33:02

Purpose Bitcoin ETF Puked 24.5k BTC on Friday, Leading to the Weekend Low of $17.6k – Arthur Hayes

Summary: Arthur Hayes has highlighted that the Purpose Bitcoin ETF offloaded 24.5k BTC into the markets on Friday’s close. Bitcoin went on to drop to the local low of $17,600 due to the selling pressure that could have been a run to trigger stop losses. The Bitcoin and crypto markets have since rallied, with BTC trading above $20k. The co-founder and former CEO of Bitmex, Arthur Hayes, has shared an interesting observation regarding what might have caused Bitcoin’s dump below […]

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