Smart money distributes Bitcoin

Smart money distributes Bitcoin
The GBTC Premium (%) and Whale Ratio. Source: Cryptoquant

This short article was published on June 29, 2021 in my Quicktake from Cryptoquant.

Pressure preventing further Bitcoin leg up

Grayscale Bitcoin Trust:
- Too much negative GBTC premium(-). Until the premium(+) is fixed on the 1D chart at the level of 20–22%, there is no point in discussing global growth
- Traders still have a lot of margin requirements

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