Who is selling?
At this point in the movie you will have already noticed that there is a main "ACTOR" in why the price of BITCOIN is falling...
And no, it is not an Israel-Iran-Gaza conflict... although, why deny it, this has also added fuel to the fire...
The folks at Grayscale are getting rid of more than half of their BITCOIN holdings...a process that began 66 days ago, coinciding more or less with the approval of the BITCOIN ETFs and which, I believe, will end within a few weeks. after Halving, which is about to happen...
Although other BTC ETF players have been able to buy as well, their FOMO for the purchase has slowed down, making the difference between those who buy and those who sell clearly negative...
In any case, I am very positive about the medium term.
There is something that I have no doubt is going to happen, Grayscale is going to buy again, cheaper, obviously... and it is going to be epic... at least for them (LoL) and for those of us who are "reloading" stocks.
Posted Using InLeo Alpha