GBTC Dump is Back

Despite the dump, contrary to initial expectations, the aggressive buying or selling activities of these ETFs seem to have a limited impact on the overall Bitcoin market over the last few weeks.

Market makers and other savvy players in the space have adapted their strategies to absorb the shocks and shield the market from extreme volatility caused by ETF-related transactions.

As pointed out I think we are at the end of the 70 day consolidation period.