GrayScale Bitcoin Trust Stocks Have Predicted Bitcoin Dump
On November 25, while the Bitcoin price decreased only by -5% the quotes of Grayscale Bitcoin Trust (manages over 500k BTC or over $10 billion), dropped by -11.7%.
But the next day, the BTC price collapsed heavily: Bitcoin has lost about $3,000 or almost -15%. Based on that, it looks like Wall Street predicted the upcoming BTC correction.
Noteworthy is that for the last 7 days Grayscale’s crypto assets under management have enlarged by 16,210 BTC or +$275M.