The founder of Galaxy Digital predicts that the price of Bitcoin will rebound through GBTC alternatives
Cryptocurrency market analyst Chris J Terry recently predicted that the price of Bitcoin (BTC) may remain stagnant or fall before the $25 billion liquidation of GBTC is completed. Galaxy Digital founder Mike Novogratz holds a different view. He believes that despite the expected sell-off of GBTC, most investors will still shift their attention to alternative ETFs, leading to an increase in Bitcoin prices within six months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: If ETH falls below $4,106, the cumulative long liquidation intensity on major CEXs will reach $2.223 billions.
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