This was not a surprise considering

The price action was bad yesterday, was it no surprise who was a big part of the dumping?

GBTC had its biggest outflow day yet.

It lost more than half a billion on the day:

(Source: https://twitter.com/BitMEXResearch/status/1770004721371062491/photo/1)

This fund is going to run out of bitcoin eventually.

The mini ETF doesn't seem to have slowed outflows at all.

This has to be about all of the bankruptcy selling.