Grayscale continues to transfer BTC to dump the market. How long will the selling pressure last?
Grayscale transferred 54,343 BTC ($2.313 billion) to Coinbase for 5 consecutive trading days starting on January 12. Grayscale has been selling, currently selling 10,000 units per day, and they will be sold out in 2 months. No, last night they continued to transfer $BTC to coinbase for smashing, and $BTC hit close to 40,000 in the short term!
The current situation is that everyone has money in their hands, but they don’t dare to enter and stand around and watch. I feel that March should be very lively with several major positive events. Grayscale’s BTC is almost sold out, the BTC halving is about to begin, and the ETH ETF The review time has come, and the Cancun upgrade is about to be implemented. If the brothers persist in the hard days of February, it should be easier.
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