Bitcoin Analysis - Day 11 of the 2nd Era

Key Insights After 6 Trading Days:

1. Total Inflow to Nine Issuers: $3.96b

2. Outflow from Grayscale: $2.81b

3. Net Inflow: $1.15b

Assuming a 15% "Small Minority”:

1. Grayscale outflow recycled to ETF: $0.42b (15%)

2. Grayscale outflow only selling: $2.39b (85%)

3. % of inflow in the new ETF issuers from GBTC: 10.6% ($0.42b vs $3.96b)

4. % of inflow in the new ETF issuers from new buyers: 89.4% ($3.54b vs $3.96b)

Implications:

- After 6 days, $3.54b inflow from new buyers.

- Daily average: $600m at an average price of $43k.

- This suggests 13,953 #Bitcoin/day potentially easing selling pressure from Grayscale.

Positive signals for Bitcoin with a potential shift in dynamics and a pause in Grayscale's selling pressure. 📈 #BitcoinAnalysis