Why is Bitcoin crashing right now? (Take Advantage of this Temporary Sale!) 🤔📉⬇️🪙
Bitcoin noobs be like: "OMG! Noooooo! Bitcoin is crashing! It's over! Bitcoin is DEAD!!!"
Bitcoin OGs be like: "Yesssss! Bitcoin is on sale right now! Buy! Buy! Buy!"
If you think the Sats are cheap now, Mt Gox is claiming (threatening) to dump another 200,000 BTC on the market.
In this video, I discuss possible explanations for why BTC has been selling off since the launch of the US spot Bitcoin ETFs.
Most of the selling is coming from GBTC liquidations, including forced selling by the FTX bankruptcy estate, as well as investors seeking lower management fees.
There are also rumors of Mt Gox coins being distributed to creditors, which is adding further selling pressure.
This price dip is a welcome break and an opportunity to accumulate more cheap sats before the April 2024 halving.
Not investment advice! Consult a financial advisor.
FTX Sold About $1B of Grayscale's Bitcoin ETF:
https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
GBTC BTC per share:
https://etfs.grayscale.com/gbtc
ETF flows:
https://twitter.com/BitMEXResearch/status/1749605460754198980/photo/1
https://twitter.com/BitMEXResearch/status/1749604079544730050/photo/1
DCG repays Genesis with GBTC shares:
https://blockworks.co/news/dcg-repays-genesis-loans
Mt Gox distribution coming?
https://twitter.com/Swan/status/1749784387913228673
Keep track of the Bitcoin halving date:
https://bitcoin.clarkmoody.com/dashboard/
Original Video by Bitcoin University: https://www.youtube.com/watch?v=BcfB_ZuEza4
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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
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