Blackrock vs Bitcoin ( btc ) ⚖️💥
( The World's Largest Institutional Bitcoin Holder )
Blackrock 🗿
BlackRock's IBIT has emerged as the world's largest institutional Bitcoin holder, possessing 357,509 Bitcoins.
This year, transformation into a 'Bitcoin development company,' making it the largest known institutional holder before the emergence of Bitcoin ETFs.
The reason for BTC crash , Net outflow of $500 millions from US BTC spot ETF the previous days...
( 03 consecutive days of outflow ) ( photo - 01 )
BTC Analysis ,
BTC has been moving within that channel for the past six months,( photo - 02 )
For BTC's price to rise further,
- It needs to break through the resistance at the midpoint of the channel (59K)
- If it fails to break through that resistance, there's a possibility that it could drop to the channel bottom at 50k
#MarketDownturn #CryptoMarketMoves #BlackRock #USDataImpact #BTC☀
