BTCUSD

Bitcoin continues to decline the day we left behind The correction after ETF Approval is still ongoing. The most important reason for this is that Grayscale's spot Bitcoin ETF has withdrawn $ 1.8 billion in 4 trading days. (Thursday-Friday-Tuesday-Wednesday, Monday was a holiday in the US) Investors were released from the lock, sales began He states that the outflows experienced in Grayscale came from customers who "stayed inside" due to factors such as the long-term depreciation of the GBTC fund and the inability of those who bought the fund to sell for at least 6 months. With the transformation of GBTCs into ETFs and the discount rate, which was up to 50 percent last year, coming to 1%, investors who saw a sales opportunity sold their assets. Bitcoin is also stuck in the 43670-40700 range. Support: 40700 Resistance: 43670