Part 5/11:
Institutional buying has shifted the market dynamics significantly. Notably, Grayscale's GBTC unveiling indicates a near-complete "flush" of forced liquidations, with only one major block holder remaining—Digital Currency Group (DCG). The daily sell pressure from GBTC has diminished from $500 million to under $100 million, signaling a potential exhaustion of dumpage and a possible turnaround.