🤷♂️🤷♂️🤷♂️ no idea but i know ppl dont want to pay such a high fee with GBTC. Also It points to weak hands or high time preference in general.
Discussion
I’d get out of GBTC too. Everyone should. It just seems odd that we aren’t flying even higher given the net flows. This is all just total conjecture on my part.
Perhaps Worldwide liquidity and availability given the btc network. Perhaps miners all over the world needing to sell and pay some previous bear market bills and loans that are coming to collect 🤷♂️
“Cheap” btc selling based on renewable energy mining facilities?
So many possibilities wrapped into bitcoin that its amazing to think about
An infinitely complex market beyond our comprehension for sure.