Strap in folks, because Ivan’s breaking down why Bitcoin is dumping so fast!

According to our favorite crypto guru, the main culprit behind Bitcoin’s recent price shenanigans is none other than Grayscale.

• Grayscale has been aggressively selling their Bitcoin holdings due to unsustainably high fees, losing nearly 50% of their assets under management since January.

• Ivan shows charts indicating Grayscale is the only firm with significant outflows, while other Bitcoin ETFs are seeing substantial inflows.

• As Grayscale’s selling pressure is removed over the next few months when they have little Bitcoin left, Ivan expects upward price action to resume.

• He views the current consolidation as healthy, allowing Bitcoin to change hands from sellers taking profits to new buyers with unrealized gains who are less likely to sell quickly.

• Ivan also touches on emerging projects like IVEND PAY, KryptoMon, and infrastructure plays like DOP and SubSquid that he is bullish on.

• He explains why he hasn’t covered Cardano yet on his platform due to its relatively low trading volume and separate technical infrastructure compared to EVM-based chains.

Overall, Ivan remains highly confident in Bitcoin‘s bullish trajectory continuing once the temporary Grayscale selling subsides, based on the market’s technical formations and the underlying fundamental adoption continuing to play out.