Grayscale selling is not a short-term problem. The inside story of ETF bookmakers uniting to collect chips at low prices is a continuing problem before the halving. This chip cannot be bought in two days and carried for you, but it is a long-term position building! !Brothers, don’t go long when you should go short, go long when you should go short, and be prepared for a sustained decline! !After delving into the logic behind Grayscale’s continued selling of Bitcoin, we can clearly understand that this behavior will continue for some time. Some users may choose to change hands, while others may choose to sell in order to obtain profits. However, for the encryption market, the power of Grayscale will eventually be digested by the market.Let’s predict the amount of Bitcoin that Grayscale will sell. Grayscale has been selling Bitcoin almost every weekday since January 11. Among them, more than 2,000 Bitcoins were sold on January 11, while the daily selling volume on other working days was more than 10,000 Bitcoins, and even reached more than 14,000 Bitcoins twice. Grayscale currently holds more than 550,000 Bitcoins. If we calculate at a rate of 14,000 Bitcoins per day, it will take about 39 days to completely sell off. But taking into account the impact of non-working days, Grayscale may complete all the selling in mid-March.Of course, what we cannot ignore is that not all Grayscale customers will choose to sell all GBTC, so not all of the more than 550,000 Bitcoins in Grayscale's hands may be sold out.At the same time, we should also see that although Grayscale is selling Bitcoin, institutions such as BlackRock and Fidelity continue to buy. This means that these institutions are attracting Grayscale’s sell-offs and continued purchases by users of its spot Bitcoin ETF funds. So, in reality, the number of Bitcoins that Grayscale dumped onto the market was around 4,000.Grayscale’s selling behavior continues and is regular, and the market will gradually adapt and mitigate its impact. Because the market has already anticipated this negative factor, once it becomes a deterministic event, its influence will be greatly weakened.This "big thunder" detonated by Grayscale will be completely digested by the market before the Bitcoin block halving, and will not affect the subsequent bull market. However, there may still be significant market volatility in the near future. For investors, staying calm and patient is necessaryIf you are interested, you can check out my last update.
