BlackRock’s Bitcoin ETF Attracts Millions Amid Slump in Positive Sentiment
BlackRock’s spot Bitcoin exchange-traded fund (ETF) continues to attract substantial funding, regardless of a fall in bullish sentiment.
“Optimistic commentary towards Bitcoin has plummeted regardless of the mid-sized crypto market bounce this week. Many merchants, notably on @binance, are opening shorts with the expectation of BTC dropping once more,” Santiment famous.
Regardless of the decline in constructive mentions, the broader market sentiment stays comparatively optimistic. The Crypto Worry and Greed Index, a metric that gauges market sentiment, at present positions the market within the “Greed” zone with a rating of 60 out of 100. This represents a major rebound from the “Excessive Worry” zone, the place it scored 25 out of 100 on July 12, the bottom degree since January 2023.
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