It appears that the outflows from the GBTC ETF related to Genesis' asset liquidation have started. Hence the halt in Bitcoin.
"A new massive sale of bitcoins deposited in Grayscale's GBTC ETF is looming following the resolution of the case involving bankrupt Genesis and Gemini Exchange."
Despite the recent collapse in its price, many fervent bitcoin supporters still believe in its potential. The Winklevoss brothers, Tyler and Cameron, are among those bitcoiners who see the asset reaching new heights.
Crypto billionaire Cameron Winklevoss has warned that the ongoing crypto war orchestrated by Senator Elizabeth Warren and SEC Chairman Gary Gensler could harm the Democratic Party. He was followed by his twin brother, Tyler Winklevoss, who is more specific and predicts a Democratic defeat in the 2024 presidential elections if this war continues.