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10 sats \ 2 replies \ @_stacktoshi 22 Jan \ on: 🏷️ $40k Test Incoming 🚨 bitcoin
Cheaper sats!
Unless a majority of economic actors decided to go against their self interest, I'd say Bitcoin's fundamentals still look sound and this sell pressure is most likely coming from GBTC exits
Also looks lile FTX had a major role in lately price movement by dumping $1B worth of GBTC…
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GBTC probably has a major impact on the trend. Wondering at what price the big players will think the discount will be enough the reverse the momentum… you already retraced 50% . I guess the next level to look at will be 62% and $34.2k … it s big gap…
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