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Grayscale calls for buyers to step up as BTC treasury firms pressure price


Grayscale calls for buyers to step up as BTC treasury firms pressure price

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Grayscale warned the current pool of corporate treasury buyers is not broad enough to absorb Bitcoin selling pressure. Bitcoin dropped toward the $60,000 support level after an extended streak of spot ETF outflows, and mentions of long-term holder MicroStrategy (MSTR) underscore liquidity and market risk for crypto adoption, institutional demand and DeFi/DEX/CEX dynamics.

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Grayscale, a major asset manager, is warning that the current pool of corporate treasury buyers is not broad enough to absorb Bitcoin’s selling pressure alone. The warning came as Bitcoin has dropped toward the dreaded $60,000 support level after experiencing an extended streak in spot ETF outflows, and as long-term Bitcoin holder Strategy (NASDAQ: MSTR)also...
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In This News

Coins

$ 64.22K

+0.09%

$ 0.000249

$ 0.0237

$ 0.0018

+1.59%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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