Grayscale started buying BTC again a couple of days ago after being on hiatus since Dec 29. Personally I think they're propping the market up quite a bit so I'm not going to overthink these next few weeks. I think we will be resuming the uptrend without a hitch as long as they keep doing their thing. The recent pump and dip over the holidays was due mostly to retail in my opinion and the strong bounce off the dip was in part due to Grayscale's relentless buy pressure.