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March 23/Hold on! Grayscale selling is limited and institutional net inflows will occur sooner or later
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🔹Cognitive Society Reviews
Bitcoin fell back to the lowest point of 62200 on March 23 and is close to the support level of 62800 in the Cognitive Society article.
Bitcoin's rebound trapped at 65,500 is consistent with Cognitive Society's expectations. As long as there is still a net outflow of Bitcoin spot ETFs, it is extremely unlikely that Bitcoin will stabilize at 68,500. After all, the rise of the market requires the buying power of institutions, and retail investors are buying Bitcoin. Desire is really low.
What’s more important is that we need to continue to pay attention to the selling pressure of Grayscale’s GBTC, because the main seller in the market is Grayscale. As long as Grayscale’s sales are similar, Fidelity BlackRock’s Bitcoin spot ETF will increase sooner or later. Admission.
#认知社 #BTC #BNB #ETH
🔹Cognitive Society Reviews
Bitcoin fell back to the lowest point of 62200 on March 23 and is close to the support level of 62800 in the Cognitive Society article.
Bitcoin's rebound trapped at 65,500 is consistent with Cognitive Society's expectations. As long as there is still a net outflow of Bitcoin spot ETFs, it is extremely unlikely that Bitcoin will stabilize at 68,500. After all, the rise of the market requires the buying power of institutions, and retail investors are buying Bitcoin. Desire is really low.
What’s more important is that we need to continue to pay attention to the selling pressure of Grayscale’s GBTC, because the main seller in the market is Grayscale. As long as Grayscale’s sales are similar, Fidelity BlackRock’s Bitcoin spot ETF will increase sooner or later. Admission.
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