ChainMind7
--
BlackRock withdrew ~100k $BTC to 29 different wallets โ๏ธ
The questions arise: Why are they doing this and What will happen to BTC?
I spent ~10 hours researching all the data and found smth shocking...
Here is what it means and what's going to happen๐งต๐
2/โฎ Yesterday, BlackRock transferred 100k BTC to other wallets
๐ท There are 2 possible scenarios:
- BlackRock is selling
- Manipulations
I did some research to dive deeper into the issue and fully understand what is going to happen:
3/โฎ BlackRock is selling?
๐ท If you don't believe in this scenario, it's a mistake because BlackRock is sitting on huge profits from its $BTC
๐ท This could be their move, but after researching, I realized it closely resembles the Mt. Gox situation
So here's what will happen next
4/โฎ Everyone remembers the $9B Mt. Gox and Germany $BTC dump that took the price from $70k to $50k
๐ท But those who understand the market know that $20B in daily exchange volume canโt dump that hard from just $9B
๐ท All of this happened due to panic and regular retails
5/โฎ Also, considering that retails have strongly believed in crypto and the bull run recently
๐ท They started investing at ATH in many high-cap alts that pumped, like $XRP, etc
๐ท This is the perfect time to shake weak hands out of the market
โฎ Overall, my recommendation rn is to stay out of the market, whether you have a position or not
๐ท This isn't the best time to enter the market
๐ท Holding or taking profit (depending on your R/R) has always been the best decision
/โฎ Itโs also important to know that BlackRock can have twice the impact compared to Mt. Gox and Germany combined
๐ท Thatโs why I recommend staying on the sidelines and just watching what happens
If you enjoyed, donโt forgot to share, like and follow me !
#Altcoinseason2024
I spent ~10 hours researching all the data and found smth shocking...
Here is what it means and what's going to happen๐งต๐
2/โฎ Yesterday, BlackRock transferred 100k BTC to other wallets
๐ท There are 2 possible scenarios:
- BlackRock is selling
- Manipulations
I did some research to dive deeper into the issue and fully understand what is going to happen:
3/โฎ BlackRock is selling?
๐ท If you don't believe in this scenario, it's a mistake because BlackRock is sitting on huge profits from its $BTC
๐ท This could be their move, but after researching, I realized it closely resembles the Mt. Gox situation
So here's what will happen next
4/โฎ Everyone remembers the $9B Mt. Gox and Germany $BTC dump that took the price from $70k to $50k
๐ท But those who understand the market know that $20B in daily exchange volume canโt dump that hard from just $9B
๐ท All of this happened due to panic and regular retails
5/โฎ Also, considering that retails have strongly believed in crypto and the bull run recently
๐ท They started investing at ATH in many high-cap alts that pumped, like $XRP, etc
๐ท This is the perfect time to shake weak hands out of the market
โฎ Overall, my recommendation rn is to stay out of the market, whether you have a position or not
๐ท This isn't the best time to enter the market
๐ท Holding or taking profit (depending on your R/R) has always been the best decision
/โฎ Itโs also important to know that BlackRock can have twice the impact compared to Mt. Gox and Germany combined
๐ท Thatโs why I recommend staying on the sidelines and just watching what happens
If you enjoyed, donโt forgot to share, like and follow me !
#Altcoinseason2024
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
147
0
Explore the latest crypto news
โก๏ธ Be a part of the latests discussions in crypto
๐ฌ Interact with your favorite creators
๐ Enjoy content that interests you
Email / Phone number