Guessing When GBTC Bleeding Stops Helps Push Bitcoin Below $39,000
THE GBTC "mass Exodus" can be showing panels of to slow down, but that doesn't stopped Bitcoin Since fall has two months the lowest on Jan. 23.
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A several billion dollars guessing game on A investor Exodus Since Shades of grey Bitcoin Trust (GBTC) has pushed THE price of Bitcoin (BTC) below $39,000 For THE First of all time In almost two month.
From It is successful conversion has A place Bitcoin exchange traded funds (ETF) on Jan. 11, GBTC has job on $3.4 billion In outputs, with Shades of grey Next deposit billion In Bitcoin has crypto exchange Coinbase Prime — likely For sale.
However, there are fears that THE GBTC Exodus always has A longer road has journey. According to has Bloomberg ETFs analyst Eric Balchunas, GBTC checked in A exit of $515 million on Jan. 23 And has NOW bled 13% of It is actions outstanding. He note, However, that THE last The figures suggest THE exit could be slow down.
Once Again THE "experts" said You THE GBTC exits had finished And once Again they were fake. #Bitcoin
— Magoo PhD (@HodlMagoo) January 23, 2024In A survey on X, Balchunas request users how a lot further bleeding would be occur Before THE "mass Exodus finished. » Almost half of THE respondents said This could go has between 35-50% — However both Balchunas And companion Bloomberg ETFs analyst Ja...
THE GBTC "mass Exodus" can be showing panels of to slow down, but that doesn't stopped Bitcoin Since fall has two months the lowest on Jan. 23.
News
Join
We
on
social
networks
A several billion dollars guessing game on A investor Exodus Since Shades of grey Bitcoin Trust (GBTC) has pushed THE price of Bitcoin (BTC) below $39,000 For THE First of all time In almost two month.
From It is successful conversion has A place Bitcoin exchange traded funds (ETF) on Jan. 11, GBTC has job on $3.4 billion In outputs, with Shades of grey Next deposit billion In Bitcoin has crypto exchange Coinbase Prime — likely For sale.
However, there are fears that THE GBTC Exodus always has A longer road has journey. According to has Bloomberg ETFs analyst Eric Balchunas, GBTC checked in A exit of $515 million on Jan. 23 And has NOW bled 13% of It is actions outstanding. He note, However, that THE last The figures suggest THE exit could be slow down.
Once Again THE "experts" said You THE GBTC exits had finished And once Again they were fake. #Bitcoin
— Magoo PhD (@HodlMagoo) January 23, 2024In A survey on X, Balchunas request users how a lot further bleeding would be occur Before THE "mass Exodus finished. » Almost half of THE respondents said This could go has between 35-50% — However both Balchunas And companion Bloomberg ETFs analyst Ja...
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