â Yesterday, BlackRock sold $188.7M worth of $BTC
â This leads to 2 possible scenarios:
- Fix profits - Manipulation
I did research to understand the essence of the situation fully
Here is what is going to happen:
3/â« Fixing Profits
â Letâs be honest, this scenario is quite likely, no matter how much ppl donât want it to be
â BlackRock bought with an avg buy price of ~$50kâ$60k
â This means BlackRock's profit is roughly ~2x
â However, after my research, I realized the following 4/â« This situation is very reminiscent of the $9B Mt. Gox and Germany $BTC dump
â It sent BTC from $70k down to $50k
â But anyone who understands the market realizes that $20B in daily exchange volume canât cause such a significant drop just from $9B
Let me explain moređ 5/â« The dump didnât happen because Mt. Gox and Germany were selling
â It happened cause of the reaction and panic from retails who rushed to sell along with them
â And BlackRock plans to intentionally create a similar situation
6/â« Why do I think so?
â Situation couldnât be more perfect cause retails have strongly believed in crypto, and the bull run
â Many have started investing at ATH in high-cap alts like $XRP, etc
â Thatâs why this is the perfect time to shake out paper hands 7/â« Thatâs why itâs crucial to carefully plan every move right now, as the market is highly volatile
â In such moments, you can lose a significant % of your profit/portfolio
â If youâre unaware of this, hereâs my research on the current market: 8/â« At the moment, my recommendation is to stay out of the market, especially if you already have a position
â This isnât the best time to enter the market
â The best thing you can do rn is simply hold or gradually take profits, depending on your R/R 9/â« To fully understand the seriousness of the situation, you need to realize the following:
â BlackRock has two to three times more influence than Mt. Gox and Germany combined
â This is precisely why staying on the sidelines and watching what happens is better
We put a lot of research and work into this thread before reading it.đ đš