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Is Bitcoin's Price Collapse Inevitable, Despite Recent Approvals of Bitcoin Spot ETFs? The recent approval of multiple Bitcoin Spot Exchange-Traded Funds (ETFs) has raised speculations about the future of the token. However, it seems that the price of Bitcoin is currently experiencing a bearish moment, casting doubt on its stability. Bitcoinhyper, a prominent cryptocurrency analyst, has offered insights into the current state of Bitcoin, presenting a bearish forecast that signals a continued downfall. According to Bitcoinhyper, despite the recent approvals of Bitcoin Spot ETFs, the price of Bitcoin could see further collapse. This assertion challenges the notion that the ETFs would boost the token's value and stability. The analyst's forecast is backed by recent market trends, where the price of Bitcoin has been on a downward trajectory in the past few days. This bearish moment in Bitcoin's price is concerning, as it contradicts the optimism surrounding the approval of Bitcoin Spot ETFs. Many investors were hopeful that these ETFs would provide a new wave of interest and investment in Bitcoin, leading to a potential increase in its value. However, it appears that other factors are currently outweighing the positive impact of the ETF approvals. While the exact reasons for Bitcoin's current bearish moment are not explicitly mentioned in Bitcoinhyper's analysis, it is essential to consider other market dynamics. China, for instance, poses a significant risk to Bitcoin, even for those who do not directly invest in Chinese stocks. As reported by PDI, China risk is pervasive, and its influence can impact various sectors, including cryptocurrencies. Therefore, it is plausible that China's regulatory actions or economic developments could be contributing to Bitcoin's current instability. In conclusion, despite the recent approvals of Bitcoin Spot ETFs, the price of Bitcoin is experiencing a bearish moment, and a collapse seems inevitable, according to Bitcoinhyper's bearish forecast. The optimism surrounding the ETF approvals has not yet translated into increased value for the token. Additionally, potential factors such as China's influence on the cryptocurrency market may be contributing to Bitcoin's current instability. Investors and enthusiasts should closely monitor the situation and consider the broader market dynamics when assessing the future of Bitcoin.