Summary
Bitcoin’s price remains volatile, experiencing a 10% drawdown this week. The recent catalyst for this was spot bitcoin ETF outflows from GBTC totaling around 300 million on March 20.
Key Points
1. Bitcoin’s volatility has continued, with a recent 10% drawdown in price.
2. The catalyst for this recent price movement was attributed to spot bitcoin ETF outflows from GBTC totaling around 300 million on March 20.
3. Semir Gabeljic, Director of Capital Formation at Pythagoras Investments, commented on the situation in an email interview.