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

Interview with BitMax.io Cao Jing: Compliance, Localization and Traffic Integration, Exchange Status and Future

On October 19th, at the 1st anniversary of the BitMax.io exchange, Jingwei China Partner Harry, Sequoia Capital Partn...

Blockchain

Zhongying Internet publicly claimed that it is preparing for the first of the A-share listed companies in the digital currency trading platform.

This article Source: Finance Network · Chain Finance , the original title "Save capital chain break risk A-...

Market

FTX may be approved to liquidate $3.4 billion worth of tokens this week. What impact will it have on the market?

FTX may obtain court approval for asset liquidation on September 13th. Under the pressure of 3.4 billion sell-off, th...

Blockchain

A brief history of crypto exchanges: a glimpse into the evolution of the most powerful organization in the blockchain industry

Written by: Nathaniel Whittemore & Clay Collins Compilation: Lu Jiangfei Source: ChainNews ChainNews I. Preface T...

Blockchain

Coinbase CEO: Almost every economic field is struggling, and Bitcoin is the currency people need at this moment

Editor's Note: This article has been deleted without changing the original intention of the author. Coinbase, a ...

Opinion

Caroline Ellison testified in court Acting on the instructions of SBF, embezzlement of approximately $14 billion in FTX client funds.

The Manhattan courtroom was crowded on Tuesday as Caroline Ellison, the former girlfriend of SBF and former CEO of Al...