Genesis Global (the crypto lender that was at the centre of a lot of "Earn" programs) is currently in the process of bankruptcy. Last week, the bankruptcy court gave Genesis permission to sell about $1.6 billion in Grayscale Bitcoin Trust shares.
They're also being allowed to sell shares in Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.
This should result in even more outflows for Grayscale (which usually has to sell coins to meet redemptions).
A year ago, this many coins coming on the market would have tanked the bitcoin price. Luckily, now there are the ETFs available to absorb them.
On the other hand, Bitcoin won't be able to pump till these sales due to bankruptcy are out of the way.