š„ BlackRock struck again, accumulating 12,272 BTC in 16 days! š°
According to on-chain monitoring, BlackRockās ETF address has been frantically purchasing goods in the past 16 days, spending US$742 million to increase its holdings of 12,272 BTC! Currently, they hold a total of 369,822 BTC, worth up to $22.4 billion! š„
š Review: BlackRock made little movement when BTC prices were trading below $60,000 for an extended period between August 27 and September 24. However, since September 24, they have restarted the buying mode and significantly increased their layout efforts. šÆ
š” My opinion: The continuous accumulation of holdings by large institutions BlackRock shows that they are confident in the future of BTC! Is this a sign that the market is about to see a strong rebound? š While large institutions are making plans, this may be the key moment for small retail investors to seize the opportunity and get on board in advance! š
Good for the market: The entry of large funds will enhance market liquidity and confidence and push prices to new highs! šŖ
Potential risks: However, the movements of the giant whale may also cause short-term fluctuations. Be careful not to be thrown out of the car! š¢
What do you think? Will you follow BlackRock? š
