Buy the Dip Strategy Becomes the Choice of Spot Bitcoin ETF Investors

Bittime - Matrixport revealed that Bitcoin Spot ETF buyers have consistently implemented a 'buy the dip' strategy, namely buying when prices fall. Read this article to find out the full news!

Volume Pembelian ETF Bitcoin Spot

Source: Twitter.com/Matrixport 

The chart released by Matrixport above shows that ETF purchase volume increases significantly every time the price of Bitcoin declines. Investors try to take advantage of price correction moments to enter the market at lower prices, then wait for prices to rise again to sell.

Besides that, the accumulation of ETF purchases is also continuing to increase, which shows that confidence in this spot Bitcoin ETF is getting higher. This can also be interpreted as a signal that many investors are looking at the long term in investing, and believe that the price of Bitcoin will continue to rise over time.

Read Also: US Bitcoin ETF Daily Trading Volume Stagnant Since May!

13F Quarterly Reporting

Smeanwhile, with the start of the 13F quarterly reporting period, which requires funds with investments of more than $100 million in US stocks to disclose portfolios, we will likely see an increase in Spot Bitcoin ETF holdings. This is especially true for pension funds and asset management companies operating in the US.

If this report shows that more institutions increase their holdings in Bitcoin Spot ETFs, this could be a big boost for the market. The confidence of institutional investors is usually followed by retail investors, who see it as a signal that the asset has positive long-term prospects.

Investment ETF Bitcoin Spot  

The emergence of Bitcoin Spot ETFs provides investors with an easier and safer way to gain exposure to Bitcoin without having to directly purchase and hold the crypto asset. 

With this Bitcoin Spot ETF, risks related to the storage and security of crypto assets can be minimized, while investors can still enjoy potential profits from Bitcoin price movements.

Not only that, the Bitcoin Spot ETF also provides access to institutional investors who may be limited in purchasing crypto assets directly due to regulations or internal policies.  

Read Also: Bitcoin ETF Records Net Outflow of 1,205 BTC on August 5

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.