[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![onchainmilady Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1881858928113561600.png) Milady [@onchainmilady](/creator/twitter/onchainmilady) on x 6275 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.

![](https://pbs.twimg.com/media/GwZlMfnWcAAA2xF.png)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947357398093508711/c:line.svg)

**Related Topics**
[losses](/topic/losses)
[billions](/topic/billions)
[discount](/topic/discount)
[Sentiment](/topic/sentiment)

[Post Link](https://x.com/onchainmilady/status/1947357398093508711)