From Investing.com:

Grayscale’s massive sell-off of 52,227 BTC amounted to $2.14 billion, dampening bullish crypto momentum.
This move came after the approval of the Bitcoin ETF and devaluation in the cryptocurrency market.
Bitcoin’s price has seen a dip, but the fundamental drivers of the bull market remain intact, suggesting a potential recovery.
The market has shown resilience in the face of similar challenges in the past, indicating a likely rebound in the future.



Read more: Grayscale Destroyed Bullish Crypto Momentum, But Not for Long By U.Today