1/🧵 Big news for crypto enthusiasts! Hong Kong's approval of spot Bitcoin and Ethereum ETFs could be the catalyst the market needs. This move opens doors for increased liquidity and investor access, potentially stirring positive market movement. #threadstorm #inleo
2/🧵 Despite recent dips, Bitcoin's Taker Buy Sell ratio is climbing, signaling a shift in market sentiment. Coupled with low exchange netflow, indicating HODLing over selling, these could be early signs of a bullish turnaround for Bitcoin.
3/🧵 Caution remains key, as the market is still wary with Bitcoin under pressure. The $65,000 support level is crucial. ETFs are a step forward, but consistent buying pressure is needed to change the tide. Investors, stay alert for the next market moves.
https://inleo.io/@buffiey/hong-kongs-approval-of-bitcoin-and-ethereum-etfs-azy