Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.
https://bitcointreasuries.net/entities/50
I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?
As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.
You already gave the information out: "Buy the DIP, and HODL!". The selling have been happening since last year and it seems they are systematically doing it with the intention to not raise attention. They just increased the selling quantity by January 19th for reason I do not know. https://bitcointreasuries.net/entities/50
I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?
As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.
It is possible that it is the Bitcoin ETF news that kept Bitcoin price on the rise prior to the approval even when they were selling. Now that the hype around the ETF has waned, it is obvious where the selling pressure is coming from. They have been a good reference for Bitcoin whales but it is looking like they have decided to start booking their profits.
This could be a blessing in disguise; a way of dropping the price pre-halving for those of us using the DCA method to get more Bitcoin for the same amount of dollar.