MoneyEditionOne
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Bullish
🚀 BlackRock Moving Millions on $BTC : Is a Mega Rally Coming?
In the last 6 hours, BlackRock has moved over 5,100 BTC (~$442M) in 17 transactions of 300 BTC each to Coinbase Prime, its institutional custodian.
📌 What does this mean?
🔹 High probability (85%) that it is a purchase/custody → BlackRock could be absorbing BTC to support the growing demand for its Spot ETF (IBIT).
🔹 Only a 15% chance that it is a sale → There are no signs of BTC going to commercial exchanges, which rules out an immediate liquidation.
🔹 Coinbase Prime is not a trading exchange → BTC seems destined for safe storage, not mass sale.
🔹 BTC price did not fall sharply → If it were a sell-off, we would have already seen a considerable drop.
🔥 Conclusion: This pattern points to massive accumulation by BlackRock, which has historically been a bullish signal for Bitcoin. If these moves continue, the market could react with a new upward push. 🚀
👀 Do you see BTC breaking new levels in the coming days? Comment your analysis. 👇🔥
In the last 6 hours, BlackRock has moved over 5,100 BTC (~$442M) in 17 transactions of 300 BTC each to Coinbase Prime, its institutional custodian.
📌 What does this mean?
🔹 High probability (85%) that it is a purchase/custody → BlackRock could be absorbing BTC to support the growing demand for its Spot ETF (IBIT).
🔹 Only a 15% chance that it is a sale → There are no signs of BTC going to commercial exchanges, which rules out an immediate liquidation.
🔹 Coinbase Prime is not a trading exchange → BTC seems destined for safe storage, not mass sale.
🔹 BTC price did not fall sharply → If it were a sell-off, we would have already seen a considerable drop.
🔥 Conclusion: This pattern points to massive accumulation by BlackRock, which has historically been a bullish signal for Bitcoin. If these moves continue, the market could react with a new upward push. 🚀
👀 Do you see BTC breaking new levels in the coming days? Comment your analysis. 👇🔥
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