Summary
The cryptocurrency market is experiencing a significant decline in value, with Bitcoin, Ethereum, Solana, and Dogecoin all experiencing losses. The CoinDesk Market Index (CMI) has also dropped, indicating a decrease in market performance. Despite the influx of money into new spot products, such as BlackRock and Fidelity, there has been a significant outflow of funds from the GBTC Grayscale product. Analysts warn that the value of Bitcoin could continue to decline unless the remaining $25 billion worth of Bitcoin is liquidated. Grayscale’s decision to maintain a 1.5% ETF return is criticized as a strategic mistake. However, CEO Mike Novogratz believes that most investors will switch to other ETFs and predicts that Bitcoin will rise in the next six months.
Key Points
1. Pasar kripto mengalami penurunan secara berjamaah akibat arus keluar dari dana yang diperdagangkan GBTC, dengan Bitcoin turun 4,49% dan Ethereum turun 5,7% dalam 24 jam terakhir.
2. Solana dan Dogecoin juga mengalami penurunan signifikan, dengan Solana turun 8,27% dan Dogecoin turun 5,07% dalam 24 jam terakhir.
3. Meskipun ada arus masuk yang cukup besar ke ETF bitcoin spot baru, seperti produk dari BlackRock dan Fidelity, namun arus keluar dari produk GBTC Grayscale dan produk-produk lainnya menyebabkan nilai Bitcoin tetap stagnan atau terus turun.