I haven't bought Bitcoin for more than three weeks, which seems to be a journey of self-reflection. In this wave of the digital currency world, missing a period of time is a missed opportunity or a wise move? Let's explore this topic together and see what three weeks of silence means in the world of Bitcoin.

In the digital currency market, every decision may bring huge fluctuations. Three weeks may be just a blink of an eye, but in the world of Bitcoin, this period of time is enough to change everything. What will happen to the market when people stop buying Bitcoin? Let's dig deeper into this question and see what three weeks of silence may mean.

First, let's talk about the volatility of the Bitcoin market. The changes in Bitcoin prices are like a roller coaster, sometimes soaring and sometimes plummeting. In such a market, what opportunities have been missed by three weeks of absence? Perhaps it was during these three weeks that Bitcoin prices experienced fluctuations again and again, and you chose to wait and see. Is this waiting and seeing a wise move, or did you choose to exit because of fear of market uncertainty?

Secondly, let's think about the long-term potential of Bitcoin. Three weeks may be just a moment of time, but in the field of digital currency, this period of time may have long-term effects. As a decentralized and scarce currency, Bitcoin has great potential. If you choose to temporarily withdraw during these three weeks, will it affect your future investment returns? Perhaps, it is during these three weeks that the Bitcoin market has ushered in a new wave of investment enthusiasm, and you have missed this opportunity.

In addition, we can look at this issue from an emotional perspective. The volatility of the Bitcoin market often triggers emotional fluctuations among investors, from greed to fear, from pessimism to optimism. During these three weeks, you chose to stay away from the market. Is it because you are pessimistic about the prospects of Bitcoin, or because you are swayed by the market's emotions? Perhaps, it is during these three weeks that you have experienced an emotional baptism of Bitcoin and re-examined your investment attitude.

Finally, let us think about the meaning of self-growth. Three weeks may be short, but in the world of Bitcoin, this period of time may be a valuable growth. When you choose to temporarily withdraw, are you reflecting on your investment strategy or exploring your inner values? Perhaps, it is during these three weeks that you have re-examined the meaning of Bitcoin investment and found a deeper level of self-growth.

In the world of Bitcoin, three weeks of silence means more of an exploration deep in your heart. Whether it is a missed opportunity or a wise choice, every decision will make us a more complete self. Let us cherish this time, experience the charm of Bitcoin with our heart, and explore more possibilities of investment. I haven't bought Bitcoin for more than three weeks. Perhaps it is the beginning of self-reflection and an opportunity to redefine investment.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Given the pace at which Grayscale usually buys Bitcoin, it would seem that the crypto fund manager is trying to buy every Bitcoin in existence. But this stopped more than three weeks ago and has not happened since.

Grayscale Bitcoin Trust (GBTC) usually files a Form 8-K with the U.S. Securities and Exchange Commission (SEC) every week, disclosing its latest Bitcoin purchases. But the last time such a report was filed was on June 25, when Grayscale revealed that it had purchased nearly 20,000 Bitcoins. According to the second quarter report, GBTC received an average of $57.8 million in investments per week.

A Grayscale spokesperson told Cointelegraph that the pause in Bitcoin purchases was temporary and was caused by the quiet period:

"There was a quiet period for the Grayscale Bitcoin Trust private placement. The Trust is now open for subscription at 4:00 PM EST on Friday, July 10."

In any case, Grayscale has not disclosed any new Bitcoin purchases to the SEC since then.

Grayscale indicates institutional interest in Bitcoin

It is necessary to point out that GBTC is not a hedge fund that expects to profit from the assets it purchases later. Instead, every time an investor buys a share, it buys Bitcoin. Currently, each share corresponds to 0.00095891
Bitcoins.

In the second quarter, 84% of investment in Grayscale came from institutional investors, mainly hedge funds. Therefore, this reversal shows institutional interest in Bitcoin. Grayscale itself is also boasting about its strength, buying more Bitcoin than it mined:

"After the Bitcoin halving in May, the inflows into the Grayscale Bitcoin Trust in the second quarter exceeded the amount of newly mined Bitcoin in the same period. With so much inflow into the Grayscale Bitcoin Trust compared to newly mined Bitcoin, the pressure on the supply side has been greatly reduced, which may be a positive sign for the rise in Bitcoin prices."

Why did institutional investors stop buying?

There are at least two possible explanations for this sudden drop. One is seasonality - July tends to be a low season for investment activity. Many asset managers travel or go on vacation. Another reason may be that Bitcoin has not performed much in the past few months.

Bitcoin weekly price chart (Coinbase)

Bitcoin’s rapid pullback after Black Thursday has caught the attention of many investors who have been hit hard in traditional markets and worried about the uncertainty caused by unprecedented economic stimulus plans. But since the beginning of May, Bitcoin has been in a state of “uncertainty”. The same is true for many less mysterious assets.