Record outflow of funds from Grayscale đź
Yesterday, on February 29, investors from Grayscale decided to fix a rather large volume of positions before the weekend, they will probably have fun for the next two days. The main thing is not to be eaten by FOMO later. The outflow of funds was in the amount of $598.9M.
When they saw the pump, they ran to take it out. Despite this volume, the cue ball confidently continues to stand above 60k. As always, investors from Blackrock came to the rescue, who bought even more money â $ 603.9M.
Today, the market is starting to recover, after a slight correction. But, there is one thing. Arkham has given a new notification: We sent 10K BTC from Grayscale wallets to Coinbase again. Hopefully, BlackRock and other ETH will not let us down again.
Also remembering the patterns of the last bull. Weekends, as a rule, marked the time for violas. The cue ball grows on weekdays, and on weekends the viola caught up.
Now this pattern may even intensify, as the liquidity of the cue ball has become even more dependent on traditional markets, and they do not work on weekends. Therefore, it is logical that weekdays are the time for cue ball, weekends are for viola.
#Cryptoz
