Nonetheless, CryptoQuant analysts warned in a latest report that prime unrealized income amongst bitcoin holders increase the dangers of a pointy worth decline. That is whilst rising demand for the Grayscale Bitcoin Belief (GBTC), which has utilized for approval to transform to an ETF, narrowing reductions between the GBTC share worth and its internet asset worth, and rising buying and selling volumes point out robust anticipation for the spot ETF approval.
