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.
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.
However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.
Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?