You could be right, and hope you are right so I have more time to stack a % of my income at relatively low prices.
I think there will be a persistent large supply from GBTC (some/much of it may not be converted back to bitcoin) that may be drained almost fully by the summer unless Grayscale drastically reduces fees. And there are probably still way too many high time preference levered traders who may lose their patience after seeing no big moves after both the ETF approvals and halving.
Deleted Account
npub19t…hs8dq
2024-01-25 17:31:38
in reply to nevent1q…lm5u
Author Public Key
npub19tvgf8yje2ftkl2ccy2gfxphs59ffex6u90uak4sez2km5r09e2qehs8dqPublished at
2024-01-25 17:31:38Event JSON
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"content": "You could be right, and hope you are right so I have more time to stack a % of my income at relatively low prices.\n\nI think there will be a persistent large supply from GBTC (some/much of it may not be converted back to bitcoin) that may be drained almost fully by the summer unless Grayscale drastically reduces fees. And there are probably still way too many high time preference levered traders who may lose their patience after seeing no big moves after both the ETF approvals and halving.",
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