Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: LFC_Bitcoin on Today at 07:40:12 PM

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 000BTC to 534 000BTC, 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 0BTC, 1-100BTC, 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.

Yup. That's a 20% drop. We are used to these, but still, after the pre-ETF euphoria, this feels odd to say the least. Not too worried about it, but it does feel like a let down if I'm honest. I even persuaded a friend to invest in a couple of coins pre-ETF... Losing $20k in 2 weeks is no fun for a Bitcoin noob.

Hopefully, the selling spree will end soon and UPpity will resume. Got to play Irish for a little while longer it seems... GTCTTWW.