During the last hours bitcoin crashed more than 20% shortly before making a new all-time high against the dollar.
The vehement move suggests that the recent rally was driven by short-term oriented traders and not by long-term investors who anticipated a new bull run after clearing the all-time high.
Overall, that is a less bullish sign for the real bitcoin saga.
Long-term investo-traders or even buy-and-hold investors don’t seem to be the driving force in the current environment, at current price levels after such a long upmove, or without being able to trade bitcoin via an ETF.
Perhaps this changes when the ETF finally arrives or prices stabilize near the all-time high, form a base, and a real breakout can occur.
But traders are welcome already to buy or short bitcoin CFDs through this broker.