It is very clear that this wave of Bitcoin's rise is due to the pull of off-market funds, and the liquidity of the spot market has been almost swept away.
But the question is, if a game is a zero-sum game, and no one takes over after BlackRock and other institutions pull it up, will they continue to push it up?
It is impossible for retail investors to take over the high price now. The only thing is the entry of other institutions outside the market, but the problem is that it is a zero-sum game where the big fish eat the small fish and the small fish eat the shrimp.
The last person to take over must be at a high position, and it is known that BlackRock is definitely not. Whose money will be made? Will the Federal Reserve loosen its monetary policy? But the issue of interest rate cuts will have to wait until at least May or June. Will the stock price keep rising until the interest rate is cut?
Therefore, it is possible that several institutions such as BlackRock and Grayscale will work together to push the price up first, and then wait for other institutions to take over and cause a wave of declines, so that they can get the 💰 of these institutions first, and then buy them back at a low price to earn the 💰 of the interest rate cut 💰
Another way is to directly take the big money from the interest rate cut, look down on the small money, and not cut the retail investors and other cats and dogs. In other words, if the stock price continues to rise to 150,000 without a correction, it will really slap me in the face.
Finally, I have to say that I don't believe this thing can continue to rise until the Fed cuts interest rates. #BTC $BTC
