Bitcoin’s market structure beneficial to price post-halving — Grayscale

According to Grayscale, Bitcoin ETFs can fundamentally change the cryptocurrency’s demand-supply ratio, counterbalancing the halving’s sell pressure.

Fundamental changes to Bitcoin’s demand-supply equation are likely to have a greater impact on the cryptocurrency prices following the upcoming halving, according to an analysis from asset manager Grayscale. 

Historically, periods of price appreciation have followed halving events. However, a new factor will also impact Bitcoin (BTC) performance for this April’s halving: exchange-traded funds (ETFs).

“Beyond generally positive onchain fundamentals, Bitcoin’s market structure looks beneficial to price post-halving,” says the report.

Read more