Short
GBTC to predict the Bitcoin price
GBTC is facing a possible distribution that can affect the 
BTCUSD price.
Institution are generally the first mover in the market as it takes more time to load or unload their bags. Back when the bitcoin reached $SWB:69K+ GBTC failed short and started diverging with the Bitcoin price. In the other hand, earlier this year (Jan 9th, 2023), GBTC was first to breakout with a huge runaway gap and a massive green candle.
BTCUSD price.Institution are generally the first mover in the market as it takes more time to load or unload their bags. Back when the bitcoin reached $SWB:69K+ GBTC failed short and started diverging with the Bitcoin price. In the other hand, earlier this year (Jan 9th, 2023), GBTC was first to breakout with a huge runaway gap and a massive green candle.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.