Notable investor Stephen Weiss has taken profits from his Bitcoin position through BlackRock's iShares ETF. Weiss sold a portion of his position when Bitcoin's momentum cooled, and he disclosed that he has taken 20% off his position. Bitcoin has declined 7% over the past month and remains 11% below its January peak. Weiss believes that the momentum of Bitcoin is decreasing and a 10% correction may occur before it reaches a bottom. However, Tom Lee, Fundstrat head of research, remains optimistic and predicts a $250,000 spot price for Bitcoin in 2025.



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