Bitcoin (BTC) Breaks $73K Before Facing a Sharp Correction

Volatility has returned to the Bitcoin market as it recently surged back above $73K before being rejected and landing back at $70.6K at the time of writing.

Bitcoin (BTC) dropped back below the $71K level on Thursday after being rejected from the recent all-time high.

This comes as Bitcoin ETF funds have now reached 1 million BTC under management, and as Q4 kicks into high gear.

Bitcoin price drops after hitting all-time high

Bitcoin price recently surged back above the $73K level before being rejected and dropping back down to $70.6K at the time of writing. This represents a 2.4% drop on the daily time frame, while the monthly candle still stands strong at 12.9%.

The recent pullback should come as no surprise to Bitcoin holders, as the previous all-time high was always going to see a significant amount of selling pressure from Bitcoin whales.

However, the recent Bitcoin ETF approval and institutional buying spree has seen BTC fare better than expected during this round of selling pressure.

Bitcoin ETF funds now hold over 1 million BTC

Recently, the Bitcoin ETF funds surpassed an incredible 1 million Bitcoin under management.

This is a sign of robust institutional demand for Bitcoin at these price levels, especially considering that the ETFs only launched a few months ago.

This level of institutional buying should help propel Bitcoin to $100K during Q4 without too much trouble.

Binance Coin (BNB) former chief CZ back in the public eye in Dubai

Back in 2019, Binance Coin CEO CZ stepped down from his role to focus on the broader Binance ecosystem.

This week, CZ appeared at the Binance Blockchain Week summit in Dubai, where he shared his views on education and blockchain investment.

He revealed that while there is no restriction on him returning to Binance Coin in some capacity, he currently has no plans to resume the CEO role for the Binance Coin chain.

Binance Coin might struggle to flip the $600 level to support in the weeks to come without CZ at the helm, giving Binance Coin investors pause for thought at these levels.

Presale investors pile into Rollblock (RBLK) while waiting for Bitcoin (BTC) to hit $100K

While the path to $100K looks clear for Bitcoin, and Binance Coin remains a risky buy at these levels, the Rollblock (RBLK) presale looks like a safe refuge for crypto investors looking for the next 100x.

Rollblock offers a fully immersive gaming experience to the Web3 generation, who can now verify that all of their transactions stand exactly as intended using the immutable Ethereum blockchain.

With all game payouts made in the native token RBLK, winnings can be staked immediately for up to 30% in risk-free passive income.

RBLK has a supply capped at 1 billion tokens, with regular buybacks and a revenue-sharing mechanism that will use casino profits to regularly buy up the token on the open market.

60% of these tokens will be immediately destroyed, leaving the remaining tokens to be distributed to loyal holders in the form of staking rewards.

As demand goes exponential this year, supply will be in free fall, leading to an explosive supply shock and 100x price action to match.

Secure a position at the low price of $0.033 while Stage 7 is still in play!

The above article is provided for informational purposes only and does not constitute financial, legal or other advice.

The悚目惊心的细节披露了比特币价格最近从历史高点回落的原因。同时，币安币投资者正在密切关注前首席执行官 CZ 的最新动态，而许多投资者正在大举涌入 Rollblock (RBLK) 代币的预售活动中。

比特币价格在从历史高点回落后又跌破7.1万美元

比特币价格在最近从历史高点回落后，又短暂回升至7.1万美元上方。然而，多头未能维持这一势头，比特币价格在周四跌至70.6万美元。

这波抛压将比特币价格从周四开盘价72.4万美元拉低了2.4%，不过比特币的月线涨幅仍高达12.9%。

比特币多头现在将密切关注7.1万美元价位，因为该水平曾多次作为比特币的上方阻力位。

另一方面，比特币 ETF 的最新进展可能有助于比特币在高位消化抛压。

比特币 ETF 基金现在管理着超过100万枚比特币

最近的一份报告显示，比特币 ETF 基金现在管理着超过100万枚比特币。

这一数字表明，机构投资者对比特币的需求仍然强劲，尤其是考虑到这些 ETF 在几个月前才刚刚推出。

这种程度的机构购买应该有助于比特币在第四季度轻松达到10万美元的目标价。

币安币前首席执行官 CZ 在迪拜公开亮相

在 2019 年辞去币安币首席执行官一职后，