📉 Bitcoin in 'Extreme Fear' – Here is why?

Let’s have a look👇

As Bitcoin exchange-traded funds(ETF) reported outflows of $168.4 million in trading on Aug 5.

This signals a high level of fear and uncertainty to investors.

The Major Outflows Belong To:
Mainly from @Grayscale and ARK 21Shares ETFs, indicating profit-taking and risk aversion.

The Current State of the Market:
Highlights a mix of cautious optimism and ongoing volatility.

Understanding these dynamics and keeping abreast of key metrics, such as market cap, dominance, and sentiment indices, is crucial for making informed investment decisions.

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