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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
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32 sats \ 0 replies \ @Anonymous_Hodler OP 23 Jan
Also looks lile FTX had a major role in lately price movement by dumping $1B worth of GBTC…
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0 sats \ 0 replies \ @Anonymous_Hodler OP 22 Jan
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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