Important dates Its an open secret that Grayscale was the one | Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)

Important dates

Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.

Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.

https://www.tradingview.com/x/Ull5sJuO/