remember: most GBTC creators are doing arbs; most people getting long are buying in markets.
so the unlock prob doesn't really matter for BTC, if people sell GBTC most will buy BTC against it.
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(not investment advice, who knows, anything could happen)
Your baseball cards are out of order. 😉
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What no one is discussing is the fact that these are one of the last GBTC unlocks. Come August, September we won’t have to worry about these as there will be no new unlocks hitting markets. Just saying.
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Also GBTC unlocks do not release bitcoin into markets. GBTC shares hitting markets have no impact on bitcoin spot prices, infact they will trade at discount until the increased demand for these shares closes the discount.
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Actually, this tweet shows one of the reasons I like (most of) your posts; you are not (normally) an orange pill maxi man. That, and you seem to want to hear what the market and FTX clients think. That's a winning combination.
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