Which FUDs await Bitcoin and Altcoins in the Coming Period: Here’s a List to Watch Out For

Layergg, a famous cryptocurrency analysis company, has compiled a list of potential FUDs that can be expected in the coming period.

Here is the FUD list compiled by the analysis company:

Grayscale is expected to sell between 10,000 and 25,000 BTC every day. According to the analysis company, outflows are not slowing down; It’s actually increasing. Total outflow so far is a staggering $3.45 billion. Notably, FTX has sold nearly $1 billion of Grayscale’s GBTC since the Bitcoin ETF approval.

The BTC distribution of the sunken cryptocurrency exchange Mt.Gox is expected to occur within the next two months, with 200 thousand BTC unlocked. In December 2023, some Mt.Gox creditors received compensation in yen through PayPal. It is worth noting that, according to analysts, most Mt.Gox holders’ Bitcoin purchase price is below $1000, which may affect their selling decisions.

The US government currently holds approximately 100 thousand BTC related to Silk Road. They announced that they planned to sell 50 thousand Bitcoins seized from Silk Road in four installments, but there has been no update since July. However, it is likely to continue once the ETF is implemented.

Grayscale holds $7-8 billion of the Ethereum futures ETF ETHE. ETHE, similar to GBC, until recently was trading at a discount of up to 50% to its normal price. This brings to mind the possibility of an Ethereum version of the “ETF – Sell the News” phenomenon. Interestingly, FTX’s ETHE holdings are a quarter of GBTC’s.

*This is not investment advice.

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