• 10x Market Updates
  • Posts
  • Will Grayscale Sue the SEC and Flip the Crypto Market? An Upside Catalyst for Ethereum?

Will Grayscale Sue the SEC and Flip the Crypto Market? An Upside Catalyst for Ethereum?

Institutional Crypto Research Written by Experts

In partnership with

Green Energy Meets Bitcoin, Hidden Gem Company

This tiny company has all but cemented itself in the future list of bitcoin mining giants.

An industry shakeup of environmental regulations could spell catastrophe for others, while this company begins to soar.

The underlying factors?

Cheap production and carbon neutral mining.

But that’s just the start of it.

Subscribe to Bullseye Trade to learn more.

Will Grayscale Sue the SEC and Flip the Crypto Market? An Upside Catalyst for Ethereum?

👇1-11) Two months ago, we presented our crypto market structure analysis, which indicated that consolidation was ahead, with downside pressure for Bitcoin (and other cryptocurrencies). Although many claimed that the post-halving period would be bullish, that the Bitcoin ETFs were (indefinitely) buying ten times the mining supply, and that Bitcoin prices could only go up, things are turning out differently – precisely as we expected. It’s tough to be bearish, but occasionally, this is the right call to make, and we do not shy away from these tough calls.

👇2-11) Until the Bitcoin halving on April 20, we had seen approximately $42bn of (liquidity) inflows into crypto markets this year (see chart below). Since the halving, we have seen nearly zero growth in stablecoin inflows, and Bitcoin futures leverage has been dramatically reduced. Contrary to the bullish tweets about a post-halving rally, crypto users have voted with their money by withdrawing or pausing inflows.

There are three catalysts around the corner. Today, we discuss one.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))