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International Business Times

Business

Marvie Basilan

Bitcoin ETFs Shed Millions More; Maxi Warns Of Sell-Off 'Deathbed Lamentation Regret'

Bitcoin ETF Samson Mow Farside Investors

Seven out of 11 U.S. spot Bitcoin ETFs bled a collective $174 million on Monday. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

Grayscale's GBTC led Monday's outflows, shedding over $90 million
Bitcoin whales also moved their holdings across wallets, and 1 whale dumped nearly $100M
Samson Mow warned that sellers during the downturn will experience regret within a year
Joe Burnett said Bitcoin's volatility is due to humans being volatile

Seven out of 11 spot Bitcoin exchange-traded funds (ETFs) shed millions more Monday as the world's top digital asset by market capitalization slumped to $60,000. Sell-offs have also been rampant since the weekend, but a BTC maximalist warned sellers will regret their move within a year.

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