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Crypto Sell-Off Alert! WisdomTree Dumps $599M in Bitcoin and Ethereum

  • WisdomTree, a major ETF provider in the United States, has deposited $599 million worth of Bitcoin and Ethereum on Coinbase, leading to concerns about further price declines.
  • WisdomTree currently holds 5,611 BTC and 16,767 ETH, valued at approximately $388 million and $41.9 million, respectively.
  • If WisdomTree proceeds with selling its holdings, it could put additional pressure on crypto prices.
  • Despite the recent sell-off, some investors remain optimistic about the crypto market following the upcoming US Presidential Election.

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