The hail of bitcoin buying could be set to continue. The flows into the Spot Bitcoin ETFs are likely to be maintained, or even increase, and the selling out of the Grayscale Bitcoin Trust (GBTC) looks to be about to dry up. Mr 100 pauses his buying.
Big sell day on Friday
Last Friday was a big day for selling out of the Grayscale Bitcoin Trust (GBTC). No less than $608 million in $BTC was sold over the day. Did that make a dent in the price of $BTC? Not at all. Black Rock’s IBIT fund redressed the balance on its own, with an inflow of $680 million.
The bitcoin price went sideways over the weekend, and then on Sunday $BTC broke out of its triangle and started heading in a northerly direction once again. The all-time-high could even be reached by the end of this week given that the king of the cryptocurrencies is currently trading at around $65,000.
Obviously, with such a strong selling day from Grayscale, the net $500 million or so in inflows that has been taking such a
We współpracy z: https://cryptodaily.co.uk/2024/03/veritable-storm-of-buying-awaits-bitcoin
