GBTC Higher volatility on declining volume, reversal soon?

Correlation does not always point to causation, but one point that is clear is that the positive traded volume for GBTC has been decreasing. There are likely two reasons. One is that GBTC has become a 'held' position with fewer trading in or out, as well as there are more options available for investing in the crypto market (in my case, BLOK and ETHE).

I point this out relative to prior traded volume because if we reverse from here, we would see a significant increase in price similar to the gains we saw beginning October 2020. My only question is when will that occur. It seems that prior to October, our volume fell to equilibrium prior to reversing. I am assuming that the closer we reach that 'zero' level, the more likely we will reverse.

Personally, I am as positioned as I will be at the current level unless Ethereum begins to retrace. At a point where my ETHE is at 51% upside and my GBTC is at 2.3% upside, I am keenly sensitive to ensuring I maintain as much of that value that ETHE has brung so far. My only regret is that I didn't have more positioned in ETHE, but that is hindsight.

These are all assumptions based on observances, and not financial advice. Your risk is your own. Trade safely.