After nearly 2 weeks, 1.2B$ $BTC was sold from ETFs, with the specific culprit being #Grayscale and friends.
![](https://public.bnbstatic.com/image/pgc/202406/5a8fb9e3d4192ad9376f1de1be1e2fab.png)
- Immediately after that, we have witnessed an extremely weak buying worth 52m$ $BTC :))) equivalent to 4.4% of the amount of $BTC value that was sold.
![](https://public.bnbstatic.com/image/pgc/202406/81408eceabde2849545397173f8df4ef.png)
- In general, the structural funds in the second quarter sold too deeply, making people depressed in the past few days. Hopefully, the third quarter, which is still a few days away from landing, will be more positive than now.