Driven by short-term holders with a cost price of around $38,000.

Sona59

Bitfinex has released a report stating that following the approval of the spot Bitcoin ETF, BTC has experienced selling pressure driven by short-term holders locking in profits, with their average realized purchase price around $38,000.

Bitfinex notes that while an adjustment is anticipated, signs of market strength still persist.

Samiksha

It's worth looking into what is driving this.

Iravan774

Anything is possible in the short term.

977Iti

There is a certain level of volatility in this.

Kabir903

If there are sellers, there must be buyers; otherwise, who would they sell to?