$BTC $ETH $XRP

Currently, the bearish sentiment regarding Bitcoin's market situation is very clear. It is now like a grasshopper after autumn, unable to jump for long. This wave of price increase from $74,000 to $97,000 was forcibly driven up by two giants, BlackRock and MicroStrategy.

As the world's largest asset management company, BlackRock's every move is closely watched by the market; under the leadership of Michael Saylor, MicroStrategy also holds an important position in the Bitcoin market. Their joint effort to inflate Bitcoin prices conceals the true intention of unloading. Previously, due to adverse market conditions and a lack of sufficient buyers to take over, their unloading plans were difficult to advance. In desperation, they chose to first raise the price, creating a false impression of market prosperity to attract investors, facilitating their unloading. Once they have unloaded their holdings, Bitcoin will inevitably see a significant drop in price without the support of these two giants.