The question arises:
Why are they doing this? and What will happen to BTC?
This is the biggest sale of ALL TIME
I spent ~10 hours researching all the data: Here's why you should be worried🧵👇
We did a lot of research and hard work on this thread before reading it.🙏 🚨
2/➫ Not long ago, BlackRock transferred 100k BTC to 29 other wallets
❍ Yesterday, BlackRock sold $188.7 million worth of $BTC
❍ This leads to 2 possible scenarios:
- Set profit
- Manipulation
I did research to fully understand the essence of the situation.
Here's what will happen:
3/➫ Setting Profit
❍ Let's be honest, this scenario is quite possible, no matter how much people don't want it.
❍ BlackRock buys at an average purchase price of ~$50k–$60k
❍ This means BlackRock's profit is around ~2x
❍ However, after my research, I realized the following
4/➫ This situation is very reminiscent of the $9B Mt. Gox and German $BTC dump
❍ That sent BTC from $70k down to $50k
❍ But anyone who understands the market realizes that $20B in daily exchange volume cannot cause a significant drop from just $9B.
Let me explain further👇
5/➫ The sale did not happen because Mt. Gox and Germany were selling
❍ It happened because of the reaction and panic of retailers who rushed to sell with them.
❍ And BlackRock plans to deliberately create a similar situation
6/➫ Why do I think so?
❍ The situation couldn't be more perfect as retailers are big believers in crypto, and the market is bullish.
❍ Many started investing at ATH in high cap alts like $XRP etc.
❍ That's why this is the perfect time to shake a paper hand
7/➫ That's why it's so important to plan every step carefully now, as the market is very volatile.
❍ In moments like this, you can lose a significant percentage of your profits/portfolio.
❍ If you are not aware of this, here is my research on the current market:
8/➫ At this point, my recommendation is to stay out of the market, especially if you already have a position.
❍ This is not the best time to enter the market
❍ The best thing you can do now is to simply hold or gradually take profits, depending on your R/R.
9/➫ To fully understand the seriousness of the situation, you need to be aware of the following:
❍ BlackRock has two to three times more influence than Mt. Gox and Germany combined
❍ This is exactly why it's better to stay on the sidelines and see what happens.
I did a lot of research and hard work on this thread before reading it.🙏 🚨
