Grayscale Bitcoin Trust (GBTC) Premium has dropped to a new All Time Low at -33.74%. Levels as low a this one have never been seen before with GBTC, however, every time we saw extreme discounts along extremely bearish BTC price action and negative sentiment, we saw a particular market reaction, and we’re ready for it.

What do we expect to see int he next few weeks from this?

Every single time we saw steep GBTC discount and long term bearish price action on BTC, we saw at least mid term short squeezes or rallies, which is likely what we’re going to see over the next few weeks, reaching at least $28,000 for BTC.