Analyst Chris J Terry attributes the trend to the ongoing liquidation of Grayscale Bitcoin Trust (GBTC), anticipating around $25 billion in selling activity.
BitMEX CEO Arthur Hayes adopts a cautious stance, initiating a long position in put options with a $35,000 strike.
The world’s largest cryptocurrency Bitcoin (BTC) is facing significant selling pressure with the BTC price correcting another 3% and dropping all the way to $40,500.
In a recent market analysis, crypto analyst Chris J Terry provides insights into the present state of Bitcoin (BTC) prices, anticipating a potential continuation of a flat or downward trend. Terry attributes this trend to the ongoing liquidation of Grayscale Bitcoin Trust (GBTC), projecting approximately $25 billion in selling activity over the coming weeks.
Terry identifies what he considers a significant strategic error in crypto history, linking it to Grayscale’s decision to maintain ETF fees at 1.5%. He suggests that this choice may have enduring

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