Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF).

In recent analysis, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action.

Trader: “Not sure” BTC price will reach $42,000

The dust continues to settle on the U.S. versus Binance regulatory bombshell, which is thought to involve a $4.3 billion fine and the removal of Changpeng Zhao, also known as CZ, as CEO.

Bitcoin sank to one-week lows on the news, but a swift rebound took it back to near 18-month highs with the following 24 hours.

At the same time, commentators began to suggest that the enforcement…

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