![btc1607.png](https://cdn.steemitimages.com/DQmQQHmuPT47sr9LvXUET1wWH1XCaoFgwNniWzUTjbiJoN6/btc1607.png)

Bitcoin (BTC), which is in the first place with its market value, declined to the level of $ 31000 today. The Grayscale Bitcoin Trust (GBTC) shares are worth about 40,000 Bitcoins (BTC) to be unlocked this month. The value of the shares to be unlocked is approximately $1.3 billion. Unlocking shares means that 40000 BTC worth of GBTC becomes available for trading. 

While the markets were evaluating this situation, 14,550.78 BTC was sent to the Binance exchange within an hour yesterday. Only the fact that such a high amount of BTC inflows to the Binance exchange within an hour made investors nervous.

The markets, which had been tense for several months, became even more tense after these developments. Increasing selling pressures caused BTC to drop to $31000. However, despite these pressures, the 31000 support could not be broken. Breaking the $31,000 support could cause BTC to drop below $30,000. However, this support could not be broken and BTC is back to $32,000 again. It is currently trading at around 32000.

I think that the recent negative and worrying developments are short-lived. Although there is selling pressure, there are many investors waiting in line to buy from the bottom. As I see it, the anxiety and fear in the markets turn into opportunities for many investors. Bitcoin (BTC) has been charting a V for a long time and I think that's exactly why.

Bitcoin (BTC) looks set to stay between $30,000 and $35,000 until September. I think it will start the bull run as of September. Many altcoins will similarly follow BTC.

These are purely my guesses. But on the other hand, breaking the supports in BTC may cause BTC to fall to $ 24000, or even fall further. That's why I recommend you to follow the crypto money markets and the crypto money you invest on a daily basis. But I don't think it will go down