Ben_Lilly

Ben_Lilly

I'm assuming the chart self explanatory. If not, ask away. Otherwise, hope to hear your thoughts. Thanks!

Ben_Lilly

This chart highlights the importance of the market for crypto. If bitcoin is unable to reclaim its prior trading range in the coming weeks this could create a scenario as we see above. The scenario above is where altcoins make their last run. Capital then flows from altcoins and towards bitcoin as the market pulls back. There is no new high to be had during the...

Ben_Lilly

These are the SEC filings from BlockFi regarding actions with Grayscale Bitcoin Trust. What's your take on how this led to selling pressure for the market? Remember, selling GBTC on the equity market does not mean selling BTC in the spot market. AND BlockFi needs to have BTC for its customers. Let's see what the community comes up with! For some reference:...

Ben_Lilly Updated 

This was just a test to see how the tweet looks when publishing. I don't use tradingview to publish often, so experimenting on ways to change that.

Ben_Lilly

The GBTC premium is now a discount. Which is creating a lot of uncertainty to its future. What I'd like to remind readers is each time a wave of large unlockings hit, not only does bitcoin's spot price rise, but the share price of the Trust gains in value with respect to its underlying holdings (NAV). If we ignore the fact it's at a discount then the likelihood...

Ben_Lilly

It's often discussed, but rarely materializes. For crypto traders it's like lassoing a unicorn with a python while aboard a chariot that's pulled by a neon green lambo driven by Jack Nicholson. It doesn't happen often. When it does, millionaires will mint by the truckload overnight. Which is why you won't want to miss it. It's altseason. And when ETH/BTC...

Ben_Lilly

Short-term doubt should not distort long-term views. Don't lose sight of the big picture.

Ben_Lilly Updated 

The Time is Now The Premium went to zero does that mean it's over... Is now the time... And will the premium go up again? I've received quite literally over 100 of the exact questions above. This chart is for the folks looking to play the premium game. Now, our team at Jarvis Labs doesn't play the premium game. We look at the effect Grayscale has on the spot...

Ben_Lilly

A lot of traders asked to see what the premium does after GBTC unlockings. In this chart I added the indicator on the bottom, which is the premium. As you can see, after unlockings the premium tends to shrink. If you are trading GBTC premiums, buy a month before an unlocking, sell at the unlocking.

Ben_Lilly Updated 

2021 Will Start Slow With the holidays nearly over, the Grayscale Effect will go on hiatus for the month of January. With unlockings being non-existant in January, the Grayscale Effect looks to be a non-factor over the next five to six weeks. Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly...

Ben_Lilly

A Bitcoin Holiday Massacre? It's a Grayscale pump. Our team is willing to disclose it now.  All you need to do is dig through their 8-k reports and quarterly reports, then pair it up with price action. It takes a little work to match it all up, which is why you don't see anybody talking about it.   And frankly, the motivation to go that far was more from our ai...

Ben_Lilly Updated 

Finally... After nine days of bitcoin trading between $18,600 and $19,700, we have some volatility. During these nine days starting on November 30 prices consolidated into a triangle. For the better half of this range, onchain flows were bullish. Liquidity was still flowing into exchanges and reaching new highs was not out of the question. This all unfolded as...