Yup..down it goes. The ETF approval was the ultimate sell the news catalyst as it unlocks liquidity to dump. Grayscale and FTX want out.
Bitcoin almost always falls when stock market is open. Made a lot of money over the past year shorting it during market hours. Such an obvious pattern yet no media coverage of it. This takes advantage of funds liquidating when the NYSE/Nasdaq is open, but then cover at the close, which means I am not exposed if BTC rises overnight, which tends to be the case. Grayscale will keep dumping, putting pressure on price.
3 comments
[ 4.5 ms ] story [ 16.5 ms ] threadAnd why aren't they printing Tether right now to push the price back up?
Bitcoin almost always falls when stock market is open. Made a lot of money over the past year shorting it during market hours. Such an obvious pattern yet no media coverage of it. This takes advantage of funds liquidating when the NYSE/Nasdaq is open, but then cover at the close, which means I am not exposed if BTC rises overnight, which tends to be the case. Grayscale will keep dumping, putting pressure on price.