To be up to date, there are two events that have happened in the past hours that may affect the crypto market for a long time!
First, the value of Bitcoin reserves BTC on the Binance platform has decreased, and this is the largest decrease in reserves since last January 2024. The reason for this is the desire of large investors to withdraw Bitcoin to their decentralized wallets in order to keep it for a long time.
If we look at the historical chart of Bitcoin, it is usually after withdrawing part of the Bitcoin reserves on the Binance platform, the value of Bitcoin rises significantly.
The other event is that Black Rock sold $ 188.7 million worth of Bitcoin.
This may be some profit taking because we have been accustomed in the previous period and since the beginning of the entry of ETFs to invest in Bitcoin, Black Rock has always bought and sold Bitcoin only a little.
