Is BlackRock Going to Dump the Whole Crypto Market?

100,000 $BTC have been transferred to 29 different wallets. Is this a warning or a market manipulation? I've investigated this case, and my findings will shock you.

1/ BlackRock is one of the largest asset managers in the world. It has shown interest in Bitcoin as part of its broader strategy to diversify its investment offerings. By buying Bitcoin, BlackRock aims to provide clients with a way to gain exposure to cryptocurrency.

2/ BlackRock began exploring Bitcoin in 2020. In 2021, it took a more active step by acquiring Bitcoin exposure through investment vehicles like Bitcoin futures. In 2022, BlackRock formed a partnership with Coinbase to offer Bitcoin-related services to institutional clients.

3/ In the last 2 days, BlackRock moved 100,000 BTC to other wallets. I always track on-chain activity, so this made me curious. Either BlackRock is selling their supply, or those are just manipulations. Let's dive in and figure it out.

4/ Is BlackRock selling their assets? On the one hand, they hold $BTC for some time already, meaning their total profit is huge. On the other hand, BlackRock has an ETF, so they are holding $BTC for their customers.#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone