#BTC price has decreased by approximately 5% in the last 24 hours.
Discussion
The reason for the decline is the outflows from Grayscale's GBTC product and therefore the large amount of BTC sales. In today's developments, it was revealed that FTX's bankruptcy management has sold approximately $1 billion worth of #Bitcoin since GBTC turned into a spot ETF.
Clearest explanation I have read yet