Bitcoin Suffers $1.78 Billion Selling Pressure from ETF Investors

Bitcoin has faced significant selling pressure from an often-overlooked group: institutional investors in exchange-traded funds (ETFs). According to a recent report, these investors have added $1.78 billion of selling pressure to the Bitcoin market.

The report highlights that this group's involvement is not as well-known or discussed as other market participants, such as whales and retail traders. However, their influence on the market should not be underestimated, given the substantial amount of capital they manage.