Causes of BTC Decline

Grayscale GBTC Allegedly Selling Bitcoin

Since three days ago, Bitcoin Trust Grayscale fund manager made a transfer of around 3,974 BTC (Rp2.49 trillion) to Coinbase. If observed, since three days ago (1/20/24) BTC has experienced a -4.5% decline from a price of US$41,900. This is suspected to be one of the causes of the BTC price decline to a level below US$40,000