A Bitcoin ETF Leading Indicator? Altcoins bleed out to BTC

Bitcoin has been slowly but surely gaining positive momentum recently, with altcoins bleeding out in BTC ratios. How long will Bitcoin continue to regain dominance in the cryptoasset market from altcoins?

One big aspect of Bitcoin’s recent trading movement is also the anticipation/speculation around a BTC ETF. Let’s take a look at the $GBTC premium over BTC spot price and why that might be an excellent indicator to keep an eye on.

Shout out to @CarpeNoctom for the inspiration and data! Here is the char that was shown, throw Carpe a follow!

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