How is Grayscale Driving BTC's Rise?

Starting from a single signal, it subsequently developed into numerous signals indicating that the spot market is driving the entire market's development, rather than the derivatives market. The last time we saw this situation was in 2017. As signals continued to ring out in the following weeks, it became clear that Bitcoin was not just heating up, but the entire market was full of vitality. The reality of macromarket transformation has settled, and we have accepted that the bull market is not something to question - it has already happened. The only thing difficult to understand is where the source of spot buying is coming from. The noise of market signals shows the entry of new species.