Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Troytech
on 27/01/2024, 10:16:05 UTC

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.

Fuck Grayscale, God bless Grayscale for bringing the dip, bro with halving coming, we might not have or see bitcoin at this price range for a while and we don't know what to expect, just keep buying if you have the funds to do so.