#Grayscale #Bitcoin Trust ( #GBTC ) which issued 9.645 BTC valued at approximately $911.3 million.

Detail Information :

- Amount of BTC issued: 9.645 BTC

- Value in USD (estimated): $911.3 million

- Price per BTC (average):

~ $94,500 per BTC

What Does It Mean?

1. Grayscale Bitcoin Trust (GBTC) is one of the largest Bitcoin investment funds in the world.

2. Large BTC withdrawals could be caused by:

- Sales by institutional investors.

- Changes in liquidity management strategy.

- Outflows from GBTC to other products like #ETF Bitcoin spot.

3. Market Impact :

- If BTC is sold in the market, it could put short-term pressure on the price.

- If transferred to other products (e.g., ETF), the impact may be limited.

Note :

- The price #BTC is very volatile, the #USD value can change significantly depending on the market.

- Grayscale is a major player, so its movements are often monitored by #traders.