Many afraid they will dump $1B worth of $BTC,
So I've analyzed their latest approach to see what they do.
I was shocked, when I found out their REAL plan 🧵👇
⬇️⬇️
Last time when BTC whales dumped their assets it went down 30%.
2 days ago, BlackRock transferred 100k $BTC to multiple wallets.
So I decided to research all the possible scenarios, let's break them down.
Currently, there are only 2 scenarios that can happen:
— BlackRock will sell
— They are just manipulating retail
And each has its own pros and cons.
⬇️
Will BlackRock start selling?
Right now, BlackRock is sitting at a huge profit from BTC.
They don't publically disclose their average entry price on BTC.
But if you look at the accumulation phase where they filled their wallets.
The price may vary from $30k-$40k per coin.
Most of you remember when Germany and MT Gox dumped their holdings.
At that time, they sold $9B worth of BTC.
Which dipped the price from $72k to $54k.
But the dump didn't happen due to their sell alone.
When the asset has $20B daily volume, a $9B dump shouldn't result in -25%.
That happened due to retail panic, which led to a massive retail sell-off.
⬇️
During the last week, many people started to believe in this bullrun.
And even on BTC, we see a lot of buy orders in the $100k range.
This may be the best time to shake off weak hands from the market.
But these transfers can be seen as retail manipulation.
Yesterday they mentioned how much % their investors need to own in BTC.
It's the first time they told their clients about direct crypto ownership.
Offloading into their own clients can negatively affect their reputation.
In conclusion, I will say:
Right now is not the best time to enter the market.
The market will keep the bullish trend, but we will see a lot of sell-offs.
And new opportunities to enter will appear.
Don't rush things up, and get smarter every day.
⬇️
Thank you for reading!
If you found this article interesting, make sure to follow me for more valuable content 📈
And don't forget to like & repost