3 weeks ago
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There was a substantial change in the crypto market! President Donald Trump has just declared a US Strategic Bitcoin Reserve, and the market is already responding! But why was there a net outflow of $370 million from Bitcoin ETFs instead of a bullish rally? Let’s dig deeper into this one!
On March 6, Trump signed an executive order to create a strategic Bitcoin reserve. Sounds bullish, right? But here’s the twist: the government isn’t buying Bitcoin. Instead, this reserve will only hold seized BTC from cases and law enforcement efforts.
Instead of a market rally, we saw Bitcoin drop more than 2%, and ETFs had a staggering $370 million net outflow. Why? Traders hoped the US government would buy Bitcoin, but they didn’t!
Crypto analysts say this is a classic ‘buy the rumor, sell the news’ event.”📌 Ryan Rasmussen (Head of Research at Bitwise) said, “The US Strategic Bitcoin Reserve means that other countries will start accumulating BTC, and institutional players can no longer ignore Bitcoin.”
English (US) ·