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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LFC_Bitcoin
on
22/01/2024, 19:40:12 UTC
⭐ Merited by
AlcoHoDL
(1)
Quote from: ivomm on
Today
at 02:41:11 PM
Today's #Bitcoin sent to Coinbase by $GBTC/Grayscale comes out to be 18.3K $BTC or ~$740M worth.
https://twitter.com/DaanCrypto/status/1749438652390732048
Now they are down from 619 000
BTC
to 534 000
BTC
, which is 13.7%. Today's outflow is not counted in
https://bitcointreasuries.net/entities/50
This can be a poll question: when this outflow will stop: at 0
BTC
, 1-100
BTC
, etc. Or when it will stop - this week, next week or in, say, 10 weeks.
Pretty relentless, sustained selling. It has to end soon, surely?
We’re down from $49,000 to $39,700 since ETF approval today.
Fuck Grayscale.