The Resilience of Bitcoin Amidst Adversity

Despite facing significant sell-side pressure in recent months, Bitcoin has displayed remarkable resilience in the face of adversity. Since December, over 1.5 million BTC have been sold, with a notable portion originating from profit-taking activities rather than panic-induced selling. Check attributes approximately 30% of these sales to outflows from the Grayscale Bitcoin Trust (GBTC), underscoring the influence of institutional investors in shaping market dynamics.&middot

For the full story, head over to TheCurrencyAnalytics.com.