TL;DR Breakdown The last Grayscale Bitcoin Trust unlocking was completed on Wednesday.The FUD contributed to the major price fall of Bitcoin in June.The last and the most recent unlocking involved 58 Bitcoins. The Grayscale Bitcoin Trust stocks have been a part of the investment portfolio for many institutions, and this year was no different. But, this year’s Grayscale Bitcoin Trust unlocking brought a lot of market FUD with it. The terms “fear, uncertainty, and doubt” were resonating in the minds of all the crypto investors who had invested in Bitcoin. On June 18th, the biggest Grayscale Bitcoin Trust unlocking occurred, wherein about 16,240 Bitcoins were unlocked. Many investors feared that Bitcoin would go down to $15k. As a result, in a huge sell-off, Bitcoin fell down from 40k USD to 30k USD. A lot of investors made their price predictions based on this unlocking event. Grayscale Bitcoin Trust unlocking ends On Wednesday, the last unlocking happened, which ended this month-long FUD involved with the price of Bitcoin. A period of panic selling was followed before and after June 18th due to the biggest unlocking event. It was a fact that the huge selling pressure that was expected to be created as a result of this unlocking actually never occurred as investors held on to their BTC. No more unlockingsSource: Bybit The last Grayscale Bitcoin Trust event unlocked 58 Bitcoins. It was a fact that the...
