Institutions Take Profits as BTC Drops from $49,000 to $41,500; Is Altcoin Season Coming?

𝐑𝐞𝐚𝐬𝐨𝐧 𝐁𝐞𝐡𝐢𝐧𝐝 𝐁𝐓𝐂 𝐃𝐮𝐦𝐩 𝐅𝐫𝐨𝐦 $𝟒𝟗,𝟎𝟎𝟎 𝐓𝐨 $𝟒𝟏,𝟓𝟎𝟎𝟎 Institutions, having bought BTC below $30k in anticipation of a Bitcoin ETF approval, are now taking profits.Grayscale holders are redeeming GBTC shares due to a 1.5% management fee, prompting Grayscale to sell their BTC holdings.Despite Bitcoin's surge from $15,600 to $49,000 in a bear market year, a correction is expected.The drop in BTC price is influencing a decrease in BTC dominance, suggesting a potential shift to altcoins as smart money reallocates. The more you vote for us the more your chance of winning . We appreciate each and everyone of you 🫡

标签：BTC AS DROPS