While the selling was slowing for a bit there out of GBTC, it has since picked up again.
This is likely related to Genesis dumping their very large stack of GBTC.
They said they will do it in a responsible way, though I would assume the uptick in selling the last few days was them.
This led to our first day of outflows in a long time:
(Source: https://twitter.com/BitMEXResearch/status/1760646764535697701/photo/1)