If Arkham’s data is accurate, BlackRock bought (23,000 ETH and 2,700 BTC). This suggests confidence in the long-term potential of cryptocurrencies, even with the current volatility.
Key takeaways:
1. Institutional Interest:
• Buying $80 million worth of ETH and BTC is a significant capital investment that confirms that large players are gradually entering the market, taking advantage of local price drops.
• This could encourage other institutional investors to follow BlackRock, creating a potential long-term rally.
2. Market Behavior:
• Retail investors’ panic during the weekend’s decline only highlights the difference between professional market participants and less experienced players.
• High volume buying during declines (low volume) may indicate that players like BlackRock are taking advantage of opportunities to accumulate.
3. Advice for investors:
• As mentioned in the text, it is important to have a clear plan and strategy. Making decisions under the influence of emotions often leads to losses.
• Stop blindly following candles, instead pay attention to fundamental factors and the actions of big players.