Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!
As far as I know this is related to the internal, i.e. secondary Grayscale market. Grayscale is selling to the spot market only up to 2% yearly for the fees.
Yep, I don't uderstand the fear with this. If the sell the premium goes further negative, so what. Hell, some of the dollars from those sales may go back into BTC, and if the were playing the premium maybe they have shorts to close at the same time.
I'm not saying its bullish, especially with market sentiment right now, but it certainly isn't some kind of massive bearish event.