🚨MARKET MOVEMENT🚨

GBTC (Grayscale Bitcoin Trust) daily volume has exploded to a new 8 month high, surpassing $400m in BTC traded in a period of 24 hours, which is higher than any volume recorded on any other selling or buying even in the last months. Discount has also narrowed to around -27% which is a hidden indicator we’re looking at closely.

How will this affect the market and price action?

This increase in volume is mostly due to institutional buying, which has created the wave we’ve seen over the last couple of days. This will likely continue for at least a couple of weeks, pushing BTC towards $30,000 and ETH easily above $2,000, which sending alts to new mid term highs.