From where and how did they enter without raising the price? New money cannot enter without raising the price. Some entities just shifted their bitcoin from one pocket to another.
But I agree that this gave good publicity and opened new gate for new money. And so new money will enter, por buenos o por los malos, it will.
Grayscale sold as much as the new funds bought on net.
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Exactly. Same passengers, different vehicles.
But over time the new funds will stack as much as ≈20 MSTRs and grayscale sell off will subside. It’s a crazy amount of sustained buy pressure that’s been added to the market.
