Grayscale is Out of Breath: Selling Pressure in Bitcoin Dropped to the Bottom!

Cryptocurrency-focused investment company Grayscale has made its lowest transaction since the day it started Bitcoin transfers.

Grayscale, one of the world’s largest digital asset managers, again joined Coinbase and anonymous wallets before the US stock markets opened. Bitcoin (BTC) carried it.

According to data from on-chain analytics platform Arkham Intelligence, Grayscale $83 million worth 1,761 BTC made the transfer.

Addresses to which Grayscale transfers 861.5 BTC Approximately when registered as Coinbase Prime 900 BTC The sent wallets appear to be anonymous. It is estimated that these wallets belong to Grayscale’s new storage address or Coinbase Prime.

After Grayscale’s Bitcoin fund GBTC received approval to become a spot Bitcoin ETF January 11 It started to be traded on stock exchanges. Grayscale has since moved its Bitcoins to Coinbase for the outflows in GBTC.

With the decrease in sales volume, transactions The pressure on Bitcoin has also eased. January 10 Bitcoin, which managed to exceed 47 thousand dollars for the first time since its history, was at the time of writing. From $47,090 is being traded.

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