The initial euphoria surrounding BitGo’s public offering has completely evaporated. Shares are now trading below the offer price, confirming that the hype cycle around digital asset institutional listings often outpaces actual market demand. This extreme volatility signals a rapid cooling of institutional appetite.
Bearish Take: Investors should exercise extreme caution. If institutional players are dumping the stock this quickly, retail traders should wait for true price stabilization. Don't chase a falling knife; the market is correcting the initial exuberance.
#BitGo #MarketCorrection #GrayscaleBNBETFFiling #USIranMarketImpact #ETHMarketWatch
BTC
86,465.64
-3.36%
ETH
2,813.01
-5.07%