Bitcoin faces its “biggest headwind” in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say.
Bitcoin (BTC) could already be seeing “momentum turning” as institutional BTC outflows recede.
The latest data from sources, including United Kingdom-based investment firm Farside shows the Grayscale Bitcoin Trust (GBTC) losing just $170 million on March 22.
The United States Spot Bitcoin exchange-traded funds (ETFs) have been at the center of attention for arguably the wrong reasons this week.
