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Milady @onchainmilady on x 6271 followers
Created: 2025-07-21 18:05:58 UTC
GBTC situation:
GBTC once traded at a huge premium - early investors paid 40%+ above BTC’s value.
But when sentiment flipped, it crashed to a -XX% discount, locking in billions in losses.
It became a textbook example of how structures - not just assets - can wreck retail.
XX engagements
