Bitcoin’s Fate Hangs in the Balance: GBTC Liquidation vs. Novogratz’s Bullish Outlook
Analyst Chris J Terry attributes the trend to the ongoing liquidation of Grayscale Bitcoin Trust (GBTC), anticipating around $25 billion in selling activity. BitMEX CEO Arthur Hayes adopts a cautious stance, initiating a long position in put options with a $35,000 strike. The world’s largest cryptocurrency Bitcoin (BTC) is facing significant selling pressure with the […