All eyes are on the $40,000 Bitcoin price leading into the $4.5 billion BTC options expiration on Friday.

Bitcoin price East trade has levels little analysts anticipated. Could This weeks $4.5 billion choice expiry help change THE trend?

Walk Analysis Join We on social networks

Bitcoin (BTC) price negotiated below THE $40,000 support on Jan. 18 For THE First of all time In 50 days, And THE Future $4.5 billion BTC monthly choice expiry on Jan. 26 could socket THE key has if THE downtrend will continue. Oddly enough, THE WE. action walk reached A all the time high on Jan. 22, indicating that never mind detained back Bitcoin performance East unlikely has be related has THE macroeconomic scenario.

GBTC ETFs exits sets off bearish feeling

A few analysts argue that most of THE sale pressure come Since THE Shades of grey GBTC, which experimented significant exits Since It is conversion has A place exchange traded funds (ETF) on Jan. 11. THE instrument is holding on $25 billion In assets, And despite be listed Since 2015 In THE form of A Trust funds, It is investors were previously unable has request redemptions.

Savage seeing Shades of grey casually dump 10,000-25,000 BTC each day.

Can END up be THE the biggest breath lead In THE history of #Bitcoin, And all because they refuse has lower costs. pic.twitter.com/JujTljpPtg

— Alan ₿ watts ⚡️ (@alanbwt) January 21, 2024

Bitcoin influencer @alanbwt describe THE situation on X social network as "THE the biggest breath lead In THE history of Bitcoin", considering Shades of grey GBTC between Jan. 11 with A $27 billion capitalization, while Loyalty, black rock, Bitwise, And THE stay in...