Quote from: SquirrelJulietGarden on Today at 03:52:24 AM

Quote from: Abhishek0.2 on Today at 03:17:12 AM

🇺🇸 Right before US markets open, Grayscale sends another ~14,000 Bitcoin to Coinbase 😮

If I am right, Grayscale sent it to Coinbase OTC market, not Spot market. They have to sell their bitcoins to proceed exit request from their customers.

However soon we will see this wave ends because not all customers will leave Grayscale to move to other companies with cheaper fees in Bitcoin Spot ETFs. Some customers have conditions that they have to keep minimal fund to invest in Grayscale and I am sure those institutional investors will not leave Grayscale.

There are customers who will not sell their shares to leave Grayscale because they don't want to take profit now and be charged with personal tax.

When the leaving wave from Grayscale ends, the market will calm down. Don't let this short term movement affects your own long term investment plan.

Of course people will be worried, especially those who don't know about this news, and only buy because of the invitation of friends or relatives, or influencers they watch.
that's why market prices fluctuate so much because there are many types of holders who don't know what's really going on.