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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