There has been an increase in the selling coming out of GBTC ETF lately.
Check it out:
(Source: https://twitter.com/FarsideUK/status/1763351311397933082/photo/1)
My guess is this is related to the Genesis bankruptcy.
They gain approval to dump their GBTC shares last week, and they were holding roughly $2 billion in GBTC.
I think they have been selling every day since then, and that means they are probably a good portion of the way through.
Which means these large outflow days can only last a couple more days before they are over.
Up we go.