The collapse of FTX continues to fuel contagion fears in the cryptocurrency space as investors wait to hear about companies that may face heat. One notable name coming under suspicion is Grayscale Trust (GBTC), which has seen its Bitcoin opponent (GBTC)BTC) price reach record levels of about 50%..
Traders hate uncertainty and stay away from investing during these periods. This may be one of the reasons for the lack of interest in buying Bitcoin even after the sharp drop in its price. The Stock-to-Flow (S2F) model, which has seen its popularity soar during the bull phase, is increasingly criticized after The deviation between the Bitcoin price and its expected price Hit levels never seen before.