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Bitcoin to sub $50,000 USD?
As Bitcoin's price fell below $60,000 for the second time in four months, mentions of "buy the dip" surged on social media platforms like Reddit, X, 4chan, and Bitcoin Talk. In a post on X, Santiment observed, “The crowd views this as a buy the dip opportunity. Ideally, it's better to buy when enthusiasm fades and skepticism rises.”
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Consolidation Phase?
BlackRock Bitcoin ETF Struggles. On June 27, spot Bitcoin ETFs had $11.8 million in net inflows, while Grayscale’s GBTC saw $11.4 million in outflows. Analysts aren’t worried about IBIT’s performance as BlackRock is buying IBIT shares through its other funds, recently adding 43,000 shares to its Global Allocation Fund.
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