A total of nearly 41,000 BTC will be unlocked in July, and the NV (notional value) will be close to 1.4 billion U.S. dollars. The largest unlock will take place on July 18, when 16,240 BTC will be available because the six-month lock-up period for GBTC shares has been released.
Bitcoin has been trading sideways in the past few weeks, but with the unlocking of GBTC, this may change, and it is important to be prepared for volatility.
I am not really that worried, there are two options, that bitcoin has no effect on the market as institutional investors absorb all of those coins improving their situation on the market or we see a drop in the price and retail investors have a chance to load on more bitcoin for an even better price, whatever the case it is a good scenario for us as long term investors and it could be a good scenario for those that want to trade the markets as well as they could short the market and earn some money that way as well.