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https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

In this video, I discuss possible explanations for why BTC has been selling off since the launch of the US spot Bitcoin ETFs.

Most of the selling is coming from GBTC liquidations, including forced selling by the FTX bankruptcy estate, as well as investors seeking lower management fees.

There are also rumors of Mt Gox coins being distributed to creditors, which is adding further selling pressure.

This price dip is a welcome break and an opportunity to accumulate more cheap sats before the April 2024 halving.

Not investment advice! Consult a financial advisor.

FTX Sold About $1B of Grayscale’s Bitcoin ETF:
https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/

GBTC BTC per share:
https://etfs.grayscale.com/gbtc

ETF flows:
https://twitter.com/BitMEXResearch/status/1749605460754198980/photo/1
https://twitter.com/BitMEXResearch/status/1749604079544730050/photo/1

DCG repays Genesis with GBTC shares:
https://blockworks.co/news/dcg-repays-genesis-loans

Mt Gox distribution coming?

Keep track of the Bitcoin halving date:
https://bitcoin.clarkmoody.com/dashboard/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

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