Why did Bitcoin DUMP and PUMP today?

What happened with Bitcoin today?

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Well we certainly had a fun or interesting morning this morning when I started streaming or before I started streaming Bitcoin shot up to 53,000 then shortly afterwards during my stream it seemed like Bitcoin was hovering around 52 a little bit under and then after my stream wow we saw

Bitcoin go down down down down down even below 51 we saw it I think hit a bottom about 50,7 right it was a head scratcher like who would be selling Bitcoin right and who would be selling this much to cause Bitcoin to go down all the way from

53 the top all the way down to below 50 you know 50,500 right and uh from my investigation it seemed like it was from grayscale people saw that grayscale Mass amount of Bitcoin from grayscale was being moved to coinbase so and we know that grayscale has been selling maybe

Maybe they had extra to to dump or whoever uh institutions that may be holding gr skill for whatever reason or the parent company uh that owes a lot of money um whoever decided to dump right and we saw that we saw that crash that dump going below $51,000 but here’s the thing

As I’m recording this Bitcoin is right back up to 52,000 I’ve been telling you guys don’t be feared out of the market right now things are so good there’s just really little reason to be afraid now if you’re a leverage Trader and you’ve been leverage trading man you you

Probably were sweating sweating bullets maybe you got liquidated maybe you you you were lucky and you were adjusting your leverage or you added more but I could see how leverage Traders or just traders in general were sweating it out but if you’re longtime holder you know this morning’s dip really didn’t affect

Things at all and you could really tell that it was Bitcoin isolated the dump um by looking at the alts a lot of alts didn’t move like you look at salana you even look at like eth and I was looking at something like filecoin they they

Just didn’t really I mean they came down a little bit but they really didn’t move right so it was pretty obvious it was Bitcoin isolated but here’s the thing now it seems like whatever Gro had to sell is over and I just posted something

On X uh that shows van I who is uh you know they have a Bitcoin ETF but their their ETF has been relatively small compared to other guys and their volume just exploded something happened within the last hour and it looks very bullish it looks very bullish because they’re

Like number six or eight on the list of the the top companies so I have no doubt that something big is happening vanx volume shows that there’s there’s major buying right now and I bet today once we get some clear numbers maybe tonight or tomorrow that we’ll see that black rock and and

Uh and uh delity and Arc and all them they loaded up today man they loaded up like Bandits I have no question that they loaded up gra skill must have had such a big sell today to cause what happened and even despite that we’re back to

52,000 so that means it was all eaten up this is what I’ve been saying like first of all don’t be don’t be fed out of the market and second of all these ETFs these big boys these institutions are buying so much even when you have one entity selling 500 600

Maybe they great scale sold a billion dollars for the Bitcoin today I don’t even know until the numbers come out but regardless whatever they sold was eaten up by the others like it was nothing right now it’s just early afternoon as I’m filming this right now it’s not even

2 o’l right trading session still is ongoing so man it just shows you just shows you how much demand there is like there is infinite amount of demand and the last thing I’ll say is this I saw Michael sailor do an interview and I’m just going quote what he

Said there’s no reason to sell the winner for losers now he was referring to um he was referring to equities S&P 500 even Tech stock you know he was asked whether or not he would ever sell Bitcoin and the answer is basically no why would you sell Bitcoin for others that are

Losers remember if you ain’t first you’re last all right guys that’s it I just wanted to share this quick video with you guys um overall we had a exciting morning indeed it’s not over yet you know maybe maybe we go down retest a little bit but I have a feeling

That great things are about to come this morning Spike to 53,000 shows you that bitcoin’s ready to move and if it wasn’t for grayscale Mass dumping whatever they did I think we would have gone to the next level and who knows maybe by tonight we will be at the next

Level I guess we’ll just have to wait and see all right smash over the like subscribe the channel I’ll see you guys tonight usual time 8:30 p.m. Central Standard Time have a good one bye-bye