Get the Ultimate Guide To Bitcoin:https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoinIn this video, I discuss possible explanations for why BTC has been selling off since the launch of the US spot Bitcoin ETFs.Most of the selling is coming from GBTC liquidations, including forced selling by the FTX bankruptcy estate, as well as investors seeking lower management fees.There are also rumors of Mt Gox coins being distributed to creditors, which is adding further selling pressure.This price dip is a welcome break and an opportunity to accumulate more cheap sats before the April 2024 halving. Not investment advice! Consult a financial advisor.FTX Sold About $1B of Grayscale's Bitcoin ETF:https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/GBTC BTC per share:https://etfs.grayscale.com/gbtcETF flows:https://twitter.com/BitMEXResearch/status/1749605460754198980/photo/1https://twitter.com/BitMEXResearch/status/1749604079544730050/photo/1DCG repays Genesis with GBTC shares:https://blockworks.co/news/dcg-repays-genesis-loansMt Gox distribution coming?https://twitter.com/Swan/status/1749784387913228673 Keep track of the Bitcoin halving date:https://bitcoin.clarkmoody.com/dashboard/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #crypto Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=BcfB_ZuEza4