ā Yesterday, BlackRock sold $188.7M worth of $BTC
ā This leads to 2 possible scenarios:
- Fix profits - Manipulation
I did research to understand the essence of the situation fully
Here is what is going to happen:
3/ā« Fixing Profits
ā Letās be honest, this scenario is quite likely, no matter how much ppl donāt want it to be
ā BlackRock bought with an avg buy price of ~$50kā$60k
ā This means BlackRock's profit is roughly ~2x
ā However, after my research, I realized the following 4/ā« This situation is very reminiscent of the $9B Mt. Gox and Germany $BTC dump
ā It sent BTC from $70k down to $50k
ā But anyone who understands the market realizes that $20B in daily exchange volume canāt cause such a significant drop just from $9B
Let me explain moreš 5/ā« The dump didnāt happen because Mt. Gox and Germany were selling
ā It happened cause of the reaction and panic from retails who rushed to sell along with them
ā And BlackRock plans to intentionally create a similar situation
6/ā« Why do I think so?
ā Situation couldnāt be more perfect cause retails have strongly believed in crypto, and the bull run
ā Many have started investing at ATH in high-cap alts like $XRP, etc
ā Thatās why this is the perfect time to shake out paper hands 7/ā« Thatās why itās crucial to carefully plan every move right now, as the market is highly volatile
ā In such moments, you can lose a significant % of your profit/portfolio
ā If youāre unaware of this, hereās my research on the current market: 8/ā« At the moment, my recommendation is to stay out of the market, especially if you already have a position
ā This isnāt the best time to enter the market
ā The best thing you can do rn is simply hold or gradually take profits, depending on your R/R 9/ā« To fully understand the seriousness of the situation, you need to realize the following:
ā BlackRock has two to three times more influence than Mt. Gox and Germany combined
ā This is precisely why staying on the sidelines and watching what happens is better
We put a lot of research and work into this thread before reading it.š šØ