Is Bitcoin too hot? $ 400 million in Grayscale secretly picked up the disk

In the past 24 hours, the cryptocurrency market has encountered an unprecedented disaster. According to data provided by qkl123.com, the entire market value evaporated in a day is close to 100 billion US dollars.

Because of this plunge, a large number of investors suffered heavy losses, and some investment institutions were not spared.

According to the position data released by Grayscale Asset Management in the past two days, the total net value of assets under management has fallen from $ 2.6 billion yesterday to the current $ 2.2 billion.

Therefore, there are rumors in the market that Grayscale has sold 40,000 to 50,000 BTC in the market, but this is not true.

(Note: Grayscale bitcoin trust represents 0.00095655 BTC per share) 比特币太烫手?蒸发4亿美元的Grayscale偷偷接了盘

(Grayscale held a position of about 300647 BTC yesterday)

比特币太烫手?蒸发4亿美元的Grayscale偷偷接了盘

(Grayscale holds about 300,978 BTC today)

In fact, in the previous day, the scale of BTC managed by Grayscale was about 300647 BTC, and in the data released today, the BTC managed by it has increased to about 300978 BTC, which increased by about 331 BTC in a day. Sell, and you secretly increase your position.

Of course, due to the plunge of the currency price, the entire Grayscale investment portfolio floated about 400 million US dollars in a day, which cannot be described as miserable.

In response, Grayscale boss Barry Silbert commented:

比特币太烫手?蒸发4亿美元的Grayscale偷偷接了盘

"I'm picking up and that's why Bitcoin was invented."

Well, the agencies didn't seem to be frightened. Of course, it is also possible that Grayscale intentionally released two fake data charts. Who knows?

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Why do institutional investors use the exchange Bakkt as the gateway to the world of encryption?

Bakkt, the cryptocurrency exchange initiated by ICE, the parent company of the New York Stock Exchange, has officiall...

Blockchain

Thousands of exchange platform license thresholds reach the cloud or 5 platforms enter the Hong Kong Securities Regulatory Commission's sandbox

Source: 21st Century Business Herald Author: Zhou scorching The confrontation between the United States and Iran has ...

Blockchain

Babbitt column | Case study: Exchange "downtime", does the holder lose any compensation?

Source of this article: Xiao Sa Author: Tan Hao Guo Xiao Sa The currency circle trading platform advertises that &quo...

Blockchain

Interviewed 800 crypto traders in 75 countries around the world. What did they find?

"Traders look for simplicity, but the exchange can't meet it. 80% of participants have entered the market f...

Opinion

LD Capital How should we dance with the wolves by dissecting the DWF business logic?

DWF has risen to prominence this year with continuous large investments, leading to significant increases in associat...

Blockchain

Guide to secure deposits: How to better hide the Bitcoin in your hands?

In an era of constant economic uncertainty, surveillance, professional cybercrime, and hacking, knowing how to more s...