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#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
ترجمة
What Bitcoin's Rise and Genesis' $1.6 Billion GBTC Sale Mean? 🤔💰
This week, Bitcoin's price has reached heights reminiscent of the 2021 bull run, but a shadow of uncertainty looms over the crypto market. Genesis, a subsidiary of Digital Currency Group, recently gained approval to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares to repay creditors. Let's break down the situation.
Genesis, tied to the collapse of Three Arrows Capital, filed for bankruptcy a year ago, freezing customer withdrawals post-FTX's demise in 2022.
A U.S. bankruptcy judge granted Genesis permission to sell $1.6 billion in GBTC shares. Bloomberg's James Seyffart estimates at least $1.4 billion worth of GBTC shares have been sold.
Experts, including Seyffart, believe Bitcoin's price may not suffer significantly due to Genesis' sell-off. Bloomberg's ETF expert, Eric Balchunas, notes the resilience of Bitcoin ETFs, minimizing the risk of a major sell-off.
In January, the SEC approved 10 spot Bitcoin ETFs after a decade of denials. These ETFs showcase high liquidity and resilience, according to Arkham Intelligence’s CEO, Miguel Morel.
Julio Moreno, head of research at CryptoQuant, suggests that increased Bitcoin demand from ETFs could offset selling pressure. CryptoQuant data indicates relatively low unrealized profits for short-term Bitcoin holders, implying low selling pressure.
Despite concerns about Genesis' GBTC sale, experts remain cautiously optimistic. The strength of Bitcoin ETFs and market resilience are seen as mitigating factors, with the overall sentiment suggesting the market may absorb the selling pressure without a significant downturn. Stay tuned as the crypto landscape continues to evolve.
#JulioMoreno #CryptoQuant #gbtc #BTC #GRAYSCALE
This week, Bitcoin's price has reached heights reminiscent of the 2021 bull run, but a shadow of uncertainty looms over the crypto market. Genesis, a subsidiary of Digital Currency Group, recently gained approval to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares to repay creditors. Let's break down the situation.
Genesis, tied to the collapse of Three Arrows Capital, filed for bankruptcy a year ago, freezing customer withdrawals post-FTX's demise in 2022.
A U.S. bankruptcy judge granted Genesis permission to sell $1.6 billion in GBTC shares. Bloomberg's James Seyffart estimates at least $1.4 billion worth of GBTC shares have been sold.
Experts, including Seyffart, believe Bitcoin's price may not suffer significantly due to Genesis' sell-off. Bloomberg's ETF expert, Eric Balchunas, notes the resilience of Bitcoin ETFs, minimizing the risk of a major sell-off.
In January, the SEC approved 10 spot Bitcoin ETFs after a decade of denials. These ETFs showcase high liquidity and resilience, according to Arkham Intelligence’s CEO, Miguel Morel.
Julio Moreno, head of research at CryptoQuant, suggests that increased Bitcoin demand from ETFs could offset selling pressure. CryptoQuant data indicates relatively low unrealized profits for short-term Bitcoin holders, implying low selling pressure.
Despite concerns about Genesis' GBTC sale, experts remain cautiously optimistic. The strength of Bitcoin ETFs and market resilience are seen as mitigating factors, with the overall sentiment suggesting the market may absorb the selling pressure without a significant downturn. Stay tuned as the crypto landscape continues to evolve.
#JulioMoreno #CryptoQuant #gbtc #BTC #GRAYSCALE
ترجمة
🔥🔥Interesting Fact🔴🔴
🤔DID ONE WHALE CAUSE BITCOIN’S 15% CRASH⁉️
- While most are attributing #Bitcoin ’s price slump to #ETF approval proving a ‘sell-the-news’ event, on-chain analyst @jvs_btc thinks there’s another reason…
- He believes that mass sell-pressure from a single whale wallet, that foolishly bought $BTC at nearly $50,000 could have been behind the price tank…
“This is why (in my opinion) on Jan. 12, Bitcoin had its largest 1-day drawdown since the FTX collapse and tanked after the ETF started trading”, wrote Van Straten
✍️The Story…
- The whale in question amassed a staggering stack of more than 100,000 #BTC back in 2021.
- Unfortunately for the whale, they made their purchase at a time when $BTC was worth a full $48,000.
- this mean their stacks amounted to some $4.8 billion at the time.
- As we know, Bitcoin’s price then collapsed to below $17,000 in December 2022.
- This led the whale to quietly #HODL their stacks, no doubt livid at the near 70% unrealized loss they were sitting on.
- Therefore, when #BTC reached $49,000 just days ago, the chance to exit was too good to pass up.
- Even with the small difference between entry and exit, the holder still made away with some $100 million in profit.
- Nonetheless, their win was the market’s loss, and the sell pressure…
“sent the market into a frenzy, combined with liquidations, "sell the news" and record loss-taking"
- Van Straten puts the story into context, explaining that “ #gbtc has only sold 27k Bitcoin with similar demand”.
- This only serves to make his theory all the more feasible…
🤔DID ONE WHALE CAUSE BITCOIN’S 15% CRASH⁉️
- While most are attributing #Bitcoin ’s price slump to #ETF approval proving a ‘sell-the-news’ event, on-chain analyst @jvs_btc thinks there’s another reason…
- He believes that mass sell-pressure from a single whale wallet, that foolishly bought $BTC at nearly $50,000 could have been behind the price tank…
“This is why (in my opinion) on Jan. 12, Bitcoin had its largest 1-day drawdown since the FTX collapse and tanked after the ETF started trading”, wrote Van Straten
✍️The Story…
- The whale in question amassed a staggering stack of more than 100,000 #BTC back in 2021.
- Unfortunately for the whale, they made their purchase at a time when $BTC was worth a full $48,000.
- this mean their stacks amounted to some $4.8 billion at the time.
- As we know, Bitcoin’s price then collapsed to below $17,000 in December 2022.
- This led the whale to quietly #HODL their stacks, no doubt livid at the near 70% unrealized loss they were sitting on.
- Therefore, when #BTC reached $49,000 just days ago, the chance to exit was too good to pass up.
- Even with the small difference between entry and exit, the holder still made away with some $100 million in profit.
- Nonetheless, their win was the market’s loss, and the sell pressure…
“sent the market into a frenzy, combined with liquidations, "sell the news" and record loss-taking"
- Van Straten puts the story into context, explaining that “ #gbtc has only sold 27k Bitcoin with similar demand”.
- This only serves to make his theory all the more feasible…
ترجمة
比特币现货ETF昨日总净流出1564.39万美元，ETF净资产比率达4.21%
昨日（美东时间 5 月 7 日）比特币现货 ETF 总净流出 1564.39 万美元。昨日灰度（Grayscale）ETF GBTC 单日净流出 2861.30 万美元，目前 GBTC 历史净流出为 174.87 亿美元。
昨日单日净流入最多的比特币现货 ETF 为Invesco和Galaxy Digital的ETF BTCO，单日净流入为 599.03 万美元，目前 BTCO 历史总净流入达 2.84 亿美元。其次为富达（Fidelity）ETF FBTC，单日净流入为 413.94 万美元，目前 FBTC 历史总净流入达 81.34 亿美元。
截止发稿前，比特币现货 ETF 总资产净值为 522.10 亿美元，ETF 净资产比率（市值较比特币总市值占比）达 4.21%，历史累计净流入已达 117.62 亿美元。$BTC #etf上线 #gbtc #btc走勢
昨日（美东时间 5 月 7 日）比特币现货 ETF 总净流出 1564.39 万美元。昨日灰度（Grayscale）ETF GBTC 单日净流出 2861.30 万美元，目前 GBTC 历史净流出为 174.87 亿美元。
昨日单日净流入最多的比特币现货 ETF 为Invesco和Galaxy Digital的ETF BTCO，单日净流入为 599.03 万美元，目前 BTCO 历史总净流入达 2.84 亿美元。其次为富达（Fidelity）ETF FBTC，单日净流入为 413.94 万美元，目前 FBTC 历史总净流入达 81.34 亿美元。
截止发稿前，比特币现货 ETF 总资产净值为 522.10 亿美元，ETF 净资产比率（市值较比特币总市值占比）达 4.21%，历史累计净流入已达 117.62 亿美元。$BTC #etf上线 #gbtc #btc走勢
ترجمة
Recent data from #Bloomberg shows a significant shift in #BitcoinETFs! Grayscale's #gbtc faced over $4 billion in outflows in just 8 days post-SEC's approval of new ETFs, while rivals like BlackRock's #IBIT and Fidelity's #FBTC saw nearly $5 billion inflows. This trend signals a changing investor preference in the Bitcoin ETF market. $BTC
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ترجمة
Le déclin du #Bitcoin se poursuit : moins de 40 000 $ vus – Qu’est-ce qui est à l’origine de l’hémorragie ? Et les liquidations ?
En regardant le tableau général, il a été noté que le prix du $ BTC a diminué d’environ 5 % au cours des dernières 24 heures.
La situation n’est pas différente du côté des altcoins, et de nombreux altcoins ont connu des baisses à des taux similaires à ceux du Bitcoin.
La raison de cette baisse réside dans les sorties du produit $GBTC de Grayscale et donc dans le montant important des ventes de #BTC . Dans les développements d'aujourd'hui, il a été révélé que la direction de la faillite de FTX a vendu pour environ 1 milliard de dollars de BTC depuis que GBTC est devenu un ETF au comptant.
Le produit #gbtc de Grayscale compte désormais 563 000 BTC après la vente, contre 613 000 BTC avant l'ETF au comptant.
Du côté des liquidations, avec les récentes baisses, un total de 65 millions de dollars de liquidation ont eu lieu sur le marché des cryptomonnaies au cours de la dernière heure. Parmi ceux-ci, 63 millions de dollars étaient en positions longues et 2 millions de dollars en positions courtes.
PS : N´oubliez pas si vous pouver me verser un petit pourboir pour me soutenir et m´encourager à continuer et merci.
#BTCETFSPOT
En regardant le tableau général, il a été noté que le prix du $ BTC a diminué d’environ 5 % au cours des dernières 24 heures.
La situation n’est pas différente du côté des altcoins, et de nombreux altcoins ont connu des baisses à des taux similaires à ceux du Bitcoin.
La raison de cette baisse réside dans les sorties du produit $GBTC de Grayscale et donc dans le montant important des ventes de #BTC . Dans les développements d'aujourd'hui, il a été révélé que la direction de la faillite de FTX a vendu pour environ 1 milliard de dollars de BTC depuis que GBTC est devenu un ETF au comptant.
Le produit #gbtc de Grayscale compte désormais 563 000 BTC après la vente, contre 613 000 BTC avant l'ETF au comptant.
Du côté des liquidations, avec les récentes baisses, un total de 65 millions de dollars de liquidation ont eu lieu sur le marché des cryptomonnaies au cours de la dernière heure. Parmi ceux-ci, 63 millions de dollars étaient en positions longues et 2 millions de dollars en positions courtes.
PS : N´oubliez pas si vous pouver me verser un petit pourboir pour me soutenir et m´encourager à continuer et merci.
#BTCETFSPOT
ترجمة
I guess Barry (#gbtc ) might ruin the setups. This is absurd at this point. So many setups have been ruined due to gbtc selling.
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
crypto_jogi
--
Took a small long position in $LDO looks good as it has taken the liquidity at the equal lows. Looking towards a re-test of 3.2-3.5 range if $BTC helps.
Manage your risk.
#BTC #LDOUSDT
Manage your risk.
#BTC #LDOUSDT
ترجمة
Leading up to the approval of spot #ETFs in January, speculation surged, leading Long-Term Holders ( #LTH ) to either cash out for profit or reallocate their holdings into new #ETFs. products.
This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.
This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.
#Write2Earn #The_Bitcoinbull
by @Bitcoin Bull
This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.
This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.
#Write2Earn #The_Bitcoinbull
by @Bitcoin Bull
ترجمة
🏧 Buy Now 1inch
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please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
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3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
😂DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
2) 0.2988
3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
ترجمة
This copy lead trader , didn’t closed any trade in loss
Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #
Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #
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Bitcoin on the Move: $209M Transfer from GBTC to Coin base Unravels Market Neutrality
$BTC
GBTC sending 4,017 Bitcoin to Coinbase premium ($209m).
Likely they are coming from Genesis selling the GBTC shares. I read that they have to rebuy Bitcoin and give to the customers, therefore it should be a neutral effect.
Obviously the Genesis/Gemini customers could sell the Bitcoin they receive but I think only a small portion will be sold.
#Write2Earn #BTC #gbtc #TrendingTopic
GBTC sending 4,017 Bitcoin to Coinbase premium ($209m).
Likely they are coming from Genesis selling the GBTC shares. I read that they have to rebuy Bitcoin and give to the customers, therefore it should be a neutral effect.
Obviously the Genesis/Gemini customers could sell the Bitcoin they receive but I think only a small portion will be sold.
#Write2Earn #BTC #gbtc #TrendingTopic
ترجمة
Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
#Bitcoin❗ ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
ترجمة
📊 As the spot #BitcoinETFs settle into more normal trading, #gbtc has lost #Dominance in volumes.
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
ترجمة
📊 7月8日美国比特币现货ETF数据汇总
据数据，美东时间7月8日，美国比特币现货ETF总净流入为2.95亿美元。
🔹 灰度（Grayscale）ETF GBTC
单日净流入：2507.53万美元历史净流出：185.78亿美元
🔹 贝莱德（BlackRock）ETF IBIT
单日净流入：1.87亿美元历史总净流入：179.26亿美元
🔹 富达（Fidelity）ETF FBTC
单日净流入：6153.78万美元历史总净流入：94.22亿美元
截至发稿前，美国比特币现货ETF总资产净值为493.20亿美元，ETF净资产比率（市值较比特币总市值占比）达4.45%，历史累计净流入已达150.58亿美元。
#BTC☀ #etf以太坊 #gbtc #ibit #FBTC $BTC $ETH $ETC
据数据，美东时间7月8日，美国比特币现货ETF总净流入为2.95亿美元。
🔹 灰度（Grayscale）ETF GBTC
单日净流入：2507.53万美元历史净流出：185.78亿美元
🔹 贝莱德（BlackRock）ETF IBIT
单日净流入：1.87亿美元历史总净流入：179.26亿美元
🔹 富达（Fidelity）ETF FBTC
单日净流入：6153.78万美元历史总净流入：94.22亿美元
截至发稿前，美国比特币现货ETF总资产净值为493.20亿美元，ETF净资产比率（市值较比特币总市值占比）达4.45%，历史累计净流入已达150.58亿美元。
#BTC☀ #etf以太坊 #gbtc #ibit #FBTC $BTC $ETH $ETC