Subscribe to Bankless or sign in
Crypto prices spiked on the open of the US stock market, sending Bitcoin up 5.7% to set a new cycle high! Who is bidding our bags?
This morning’s BTC transfer from Grayscale to Coinbase was the smallest pre-market send since spot BTC ETFs launched, providing confirmation that GBTC outflows continue to taper and potentially signaling some amount of demand for GBTC.
GBTC sending only 776 #Bitcoin to Coinbase premium ($39m).
Since the ETFs launch, the 11th of January, is the lowest amount of Bitcoin so far that GBTC sent to Coinbase prior to the opening of the trading day.
Last two trading days GBTC sent more than $150m of BTC to Coinbase… https://t.co/LyxPKifIzf pic.twitter.com/ai8W1wJ14N
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
