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*Trade intensity measures trading volume per asset received on-chain, often seen as a metric that gauges the frequency at which assets change hands on an exchange.
Up the Ante. An SEC filing reveals that wealth management giant Morgan Stanley has purchased over one million Grayscale Bitcoin Trust (GBTC) shares. Analysts believe that more institutional interest may flood in, especially on the back of GBTC completing its share unlocking this week. We’ve all witnessed Grayscale’s impact on the Bitcoin spot rally last year, and have been wary of the immense selling pressure it could unleash with the imminent unlock. However, as GBTC’s final unlocking concluded, the market seems largely unperturbed.