Bitcoin (BTC) continues to struggle to gain momentum near support/resistance at $40,000 amid outflows from Grayscale, which transferred 12,213 BTC to Coinbase Prime for sale on Thursday as they continue to field redemption requests. The BTC transferred today equates to $488 million at the current spot price and brings the running total for GBTC outflows since Jan. 12 to 105,910 BTC worth approximately $4.168 billion, according to data provided by Arkham Intelligence. While there are still more than 500,000 BTC held by Grayscale, Bitcoin proponents are hopeful that the heavy outflows will subside as daily transfers ... (full story)