GBTC shares equivelant to 16,000 BTC were unlocked yesterday. However, the GBTC shares are traded on the OTCQX secondary market, which is not open on weekends. Today, Monday, we will see if this final GBTC unlock will push prices of BTC on the spot markets, down to $25,000 as JPMorgan expects, or there will also be some kind of buying pressure that will help BTC sustain 30k as a support. Live chart for GBTC here: https://www.otcmarkets.com/stock/GBTC/overview More info on my Read.Cash article: The Final GBTC Unlock - Bull or Bear for Crypto? https://read.cash/@Pantera/the-final-gbtc-unlock-bull-or-bear-for-crypto-a000e3d3
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Smart money might push the price up and then sell into it.