Bitcoin is down $2000 today or 4.5% as the selling after the ETF debuts continues. Bitcoin rose as high as $49051 in the hour after the 11 US bitcoin ETFs were launched but a 'sell the fact' trade quickly emerged and it's been downhill ever since.Today bitcoin held at the January lows of $41,200 for a period but after that broke it fell to $40,624, which is the lowest since December 18. The December low of $40,178 coincides with the $40,000 psychological level and that will be critical for the next phase of trading.So far, the flows into bitcoin ETFs have been disappointing with about $2.9 billion landing in the new ETFs. However the GBTC Grayscale ETF has lost $1.6 billion and the futures-b
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