GBTC PREMIUM IS GREATEST WHEN BTC PRICE IS RIPPING AND GBTC PREMIUM IS LOWEST WHEN BTC PRICE IS TANKING. GBTC TAKES THE SENTIMENT SHIFTS IN EUPHORIA AND DESPAIR AND EXACERBATES THEM, AS IT REPRESENTS A LESS SOPHISTICATED SECTION OF THE MARKET WITH LESS INVESTMENT RESOURCES. IF ONE BUYS ON A BTC PRICE DIP WHERE THE GBTC PREMIUM TO NET ASSET VALUE CLOSE TO 30%, THE...
Well it looks like the market finally SOLD OFF like i how i predicted, but it did not SELL OFF like i wanted it to do so. Looking at this market from a WEEKLY chart it seems like the sell off may be ending sooner than expected. HOWEVER, that does not mean that the market will retrace right back up as quickly as it descended, nor does it mean that it will not...