Why did this happen and what will happen next?
I scanned 29 wallets, looked through all the info, and found something interesting.
Here's what it means and what happens next 🧵👇
We did a lot of research and work on this thread before reading it.🙏 🚨
❍ At first glance, it may seem like this is just a move to better protect their assets.
But that's most likely not the case, and here's why.
3/➫ There are only 2 possible scenarios:
1) BlackRock might sell some BTC
2) this is a form of manipulation
I have analyzed both scenarios in detail and know exactly what they do.
Let me explain 👇
4/➫ Many would say the first scenario is definitely impossible, but considering the benefits — why not?
❍ I don't see anything stopping them from selling at least a small portion
❍ Except, of course, their BTC ETF, which makes the first scenario seem unlikely.
5/➫ On the other hand, this situation is very similar to what happened with Mt. Gox and Germany's $9B dump from $70k to $50k
❍ $9B selling pressure is unlikely to drop $20B of daily trading volume like that
❍ So, it is clear that the real cause is panic among retailers.
6/➫ That's why I believe BlackRock's move is a similar manipulation to push $BTC below $100k
❍ After all, $100k has been a very difficult milestone to reach.
❍ But $150k, for example, would be more attainable
7/➫ Another reason to think this way is that retail investors are currently very confident in the bull run.
❍ They started investing at ATH in many rising high cap alts like $XRP etc.
❍ So, this is the perfect moment to take the paper hands out of the market
8/➫ That's why, right now, I prefer to take an afk position and see if you already have a position
❍ Entering the market now is very risky
❍ Especially considering that BlackRock could have 2x the impact of Mt. Gox and Germany combined
