Nice pic, but that was without a date, and BR sold last Thursday.
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Bearish
#MarketUpdate
BlackRock sold $111M worth of Bitcoin and $254M worth of Ethereum in the past 24 hours!
Most likely, the goal of such actions is to amplify fear among investors and shake the market even more toward panic — all for their own benefit. Here’s why:
This factor can temporarily drag the market down, since the majority of participants see it as a signal to sell. But it’s important to understand: moves like this are often part of a bigger game. When weak hands exit the market, a more stable base remains for future growth — which ultimately benefits the market itself by clearing out excess panic and preparing the ground for a stronger bullish trend. At the same time, capital sold at higher levels can be re-accumulated at lower prices, allowing big players to profit in both directions.
Therefore, the current market picture looks like this: in the short term, we should be ready for another wave of correction, but in the mid-term, we can already expect this pullback to end and the bullish trend to resume.