Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Partially completed Wave 5 says there is still room to run

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin: Will GBTC Outflows Continue to Hurt BTC?
Bitcoin

Bitcoin: Will GBTC Outflows Continue to Hurt BTC?

2024-02-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: February 23, 2024


  • BTC outflows continued to rise due to GBTC’s behavior.
  • MVRV ratios remained high, indicating a large number of profitable addresses.

Bitcoin [BTC] It was observed to be stagnant at the $51,000 price level for quite some time. One of the reasons for the lack of movement in the price of BTC was due to the outflow from Grayscale Bitcoin Trust (GBTC).

Rising outflow

GBTC outflows have been a hindrance to BTC growth for some time now. A recent report revealed an outflow of $199 million from GBTC and an inflow of $111 million from The Nine.

This resulted in total daily net outflows of $88 million.

Additionally, there was speculation that GBTC might sell some of the Genesis/Gemini shares.

The reduced institutional interest, especially highlighted by the significant $199 million outflow from GBTC, has the potential to cast a shadow on Bitcoin prices.

Institutions, which are often considered influential market participants, play a crucial role in shaping overall market sentiment.

When a major investment vehicle like GBTC experiences significant outflows, it suggests that institutional investors may be reconsidering their exposure to Bitcoin.

Institutional interest is generally associated with confidence in the market, and a notable decline can be interpreted as a signal of caution or even a shift to a more bearish outlook.

Institutions typically conduct thorough analyzes and risk assessments before making investment decisions.

If their reduced interest is caused by concerns about future performance or inherent risks associated with Bitcoin, it could trigger a broader shift in sentiment among market participants.

Source:

Not all major investors

However, not all hope is lost as some whales showed interest in BTC.

See also  Will the $100,000 barrier finally be broken?

Remarkable, the largest whale cohort, with between 1,000 and 100,000 BTC, is accumulating. This accumulation pattern, a hallmark of bull markets, indicated a positive outlook among large investors.

Their buying activity started around $29,000 and increased as the price exceeded $46,000.


Read Bitcoin’s [BTC] Price forecast 2024-2025


At the time of writing, BTC was trading at $51,847.69 and the price was down 0.26% over the past 24 hours. BTC’s MVRV ratio had remained high during this period.

This meant that despite recent price movements, most holders were profitable at the time of writing.

Source: Santiment

Next: Ethereum’s circulating supply craters to 120 million – a post-merger low



Source link

Bitcoin BTC continue GBTC Hurt outflows
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Is Bitcoin on its way to a new ATH after $ 104,000 Triumph? What this market expert thinks

2025-05-10

Taiwan presents Bitcoin as part of the National Reserve Strategy

2025-05-10

Bitcoin’s growth can get stuck at $ 150k, here is why – Michael Saylor

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Guild of Guardians leads the NFT pack

2024-09-05

El Salvador’s crypto advisor predicts a boom to $220,000

2023-10-07

XRP price fights to build momentum as Bitcoin and ETH rise

2024-10-29
Editors Picks

Fuse Taper Check Point to secure blockchain with AI-based real-time firewall

2025-04-16

Will Dogecoin Skyrocket Soon? Chart pattern suggests yes

2025-01-20

Search engine giant Google sues alleged crypto scammers over fake Android apps: report

2024-04-04

China focuses on Crypto development and brings 50,000 developers to its state-run blockchain

2023-12-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Partially completed Wave 5 says there is still room to run

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,237.120.22%
  • ethereumEthereum(ETH)$2,483.177.03%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.422.80%
  • binancecoinBNB(BNB)$653.522.82%
  • solanaSolana(SOL)$172.110.46%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.23346514.32%
  • cardanoCardano(ADA)$0.813.87%
  • tronTRON(TRX)$0.261259-0.12%
  • suiSui(SUI)$3.982.27%
  • chainlinkChainlink(LINK)$16.694.67%
  • avalanche-2Avalanche(AVAX)$24.476.06%
  • stellarStellar(XLM)$0.3053593.70%
  • shiba-inuShiba Inu(SHIB)$0.0000165.95%
  • hedera-hashgraphHedera(HBAR)$0.2112715.34%
  • hyperliquidHyperliquid(HYPE)$25.170.76%
  • the-open-networkToncoin(TON)$3.373.04%
  • bitcoin-cashBitcoin Cash(BCH)$420.132.83%
  • polkadotPolkadot(DOT)$5.076.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.51-2.70%
  • litecoinLitecoin(LTC)$103.174.25%
  • moneroMonero(XMR)$323.343.84%
  • bitget-tokenBitget Token(BGB)$4.847.96%
  • pepePepe(PEPE)$0.0000137.97%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.76%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.858.96%
  • bittensorBittensor(TAO)$448.935.16%
  • nearNEAR Protocol(NEAR)$3.066.21%
  • aptosAptos(APT)$5.785.00%
  • aaveAave(AAVE)$223.897.07%
  • okbOKB(OKB)$54.932.29%
  • ondo-financeOndo(ONDO)$1.043.09%
  • ethereum-classicEthereum Classic(ETC)$19.874.51%
  • internet-computerInternet Computer(ICP)$5.542.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.28-0.81%
  • kaspaKaspa(KAS)$0.1071113.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2633594.93%
  • gatechain-tokenGateToken(GT)$22.181.60%
  • render-tokenRender(RENDER)$5.215.61%
  • crypto-com-chainCronos(CRO)$0.100492-0.98%
  • vechainVeChain(VET)$0.0308514.00%
  • mantleMantle(MNT)$0.771.02%
  • ethenaEthena(ENA)$0.3892496.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.874.45%
  • algorandAlgorand(ALGO)$0.2405763.72%
  • filecoinFilecoin(FIL)$3.113.62%
  • bitcoinBitcoin(BTC)$103,237.120.22%
  • ethereumEthereum(ETH)$2,483.177.03%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.422.80%
  • binancecoinBNB(BNB)$653.522.82%
  • solanaSolana(SOL)$172.110.46%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.23346514.32%
  • cardanoCardano(ADA)$0.813.87%
  • tronTRON(TRX)$0.261259-0.12%
  • suiSui(SUI)$3.982.27%
  • chainlinkChainlink(LINK)$16.694.67%
  • avalanche-2Avalanche(AVAX)$24.476.06%
  • stellarStellar(XLM)$0.3053593.70%
  • shiba-inuShiba Inu(SHIB)$0.0000165.95%
  • hedera-hashgraphHedera(HBAR)$0.2112715.34%
  • hyperliquidHyperliquid(HYPE)$25.170.76%
  • the-open-networkToncoin(TON)$3.373.04%
  • bitcoin-cashBitcoin Cash(BCH)$420.132.83%
  • polkadotPolkadot(DOT)$5.076.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.51-2.70%
  • litecoinLitecoin(LTC)$103.174.25%
  • moneroMonero(XMR)$323.343.84%
  • bitget-tokenBitget Token(BGB)$4.847.96%
  • pepePepe(PEPE)$0.0000137.97%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.76%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.858.96%
  • bittensorBittensor(TAO)$448.935.16%
  • nearNEAR Protocol(NEAR)$3.066.21%
  • aptosAptos(APT)$5.785.00%
  • aaveAave(AAVE)$223.897.07%
  • okbOKB(OKB)$54.932.29%
  • ondo-financeOndo(ONDO)$1.043.09%
  • ethereum-classicEthereum Classic(ETC)$19.874.51%
  • internet-computerInternet Computer(ICP)$5.542.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.28-0.81%
  • kaspaKaspa(KAS)$0.1071113.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2633594.93%
  • gatechain-tokenGateToken(GT)$22.181.60%
  • render-tokenRender(RENDER)$5.215.61%
  • crypto-com-chainCronos(CRO)$0.100492-0.98%
  • vechainVeChain(VET)$0.0308514.00%
  • mantleMantle(MNT)$0.771.02%
  • ethenaEthena(ENA)$0.3892496.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.874.45%
  • algorandAlgorand(ALGO)$0.2405763.72%
  • filecoinFilecoin(FIL)$3.113.62%