Bitcoin has just absorbed a wave of sell pressure in 2024:
🔥Grayscale has dumped 390,000 Bitcoin
🔥Mt Gox distributed +110,000 Bitcoin
🔥Germany sold 50,000 Bitcoin
All those coins have moved to strong hands over this past 6 month long consolidation zone between $50k-$73k.
The next 6 months will surprise most people to the upside. 📈
I think a decent amount of grayscale gbtc in iras went to other issuers
Mt Gox distribution was only a week ago. I think many of them are still selling. It will be over soon. FTX creditors receive $14B in USD soon. 🚀
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