#16 Discover the Anomaly of Grayscale Bitcoin Liquidation Analysis

And we had another negative week two weeks ago And we had a negative week the first week but then again that's all because of the anomaly that is grayscale things are going to go wild and even if even if the big the ets don't buy as was the case this week price still went up it bottomed on tuesday i called the bottom sixty one k and since then it's gone up now it's at Basically call it sixty six K If you round up by three hundred dollars so let's look at the anomaly This is greyscale I showed this chart last night and you can see here the total liquidation from greyscale was relatively mild yesterday compared to earlier in the week horrible day Tuesday Wednesday Thursday Tuesday no Monday Tuesday Wednesday Thursday four days in a row and then only a hundred sixty nine million yesterday But since its inception I calculated this because that's what I do Average liquidation from grayscale has been two hundred seventy five point two million dollars a day and yesterday a yesterday was a hundred sixty nine point nine which is less than average But again many also believe as I covered yesterday that DCG and all the other bankruptcies and all the other speculators and people still ask I've said it a thousand times why is Bitcoin dumping so hard It can't be because of the fee No it's because the doors are open All the people that were in the cash and carry trade in grayscale were speculators They were not investors like the new people buying the ETFs So please everybody get that now Another view of the world and a weird number eight eight eight which is also a good luck number You can see that the total amount sucked out of the system last week was eight hundred and eighty eight million dollars worth of Bitcoin which is kind of stunning Two billion of that Two billion came from Grayscale alone