Let me spoonfeed you. GBTC has 300k bitcoins right now, it dumps approximately 5k of them every day. They can suppress the price for another 2-3 months. Some put the exact end date around july 6th. Guess what happens after that? Mind you the outflow has been constant and has tampered even with the BTC inflows.
>>58422511Here, taste of how gbtc has dumped. The daily outflows can easily outdo Blackrock inflows.>But le war in israel!Coof dump 2.0.
>>58422511Explain what you mea’ in porn terms
>>58422518BTC is man starting his porn career. He went into porn becouse of being addicted to fucking pussy. As a starting actor he doesn't get to fuck pussy yet, in fact he needs to get fucked by other dicks until he proves himself. Some shoots he gets to fuck women, but most of times he gets anally prolapsed. In approximately 2 months he will finally get to fuck women only, although his asshole will be torn and he will still have taste of dick in his mouth, he can't wait to unleash his own cock.
>>58422511>>58422515cheers m8
>>58422511And 2-3 months is how long it took after the 2020 halving for the price to go parabolic (though it did also go up about 20% in those couple of months). This summer is gonna be crazy.
>>58422523I finally understand
>>58422526did you forget about the 60 billion the us just green lit for ukraine? Where do you think that money is going?Hint: It is not going to Ukraine...
>>58422511Presumably GBTC customers won't dump everything until the fund hits zero.They're also doing this: https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/ which looks like it will at least slow down the dumping.Question is how much of the IBIT etc. inflows are just GBTC outflows. Maybe everything just goes flat after the GBTC outflows stop.
Question. What is all this grayscale dumping btcoins mean? They are saying they are gonna create a etf bitcoin trust or some shit. So they are dumping their btc and then buying again?
>>58422515>>58422511Retard here. So Grayscale can only keep up this dumping pace for 2-3 months at best. What's the bull case for the ETF(s) to continue inflows?
>>58422511I don't know what a GBTC is, I only know what a BTC, BNB and TRUMP is
>>58422523Thanks
>>58423385Where’s it going? Israel?
