“BlackRock, Fidelity, WisdomTree, Charles Schwab, Invesco and Citadel are buying bitcoins. We're moving into a phase called "Bitcoin's Great Accumulation" - a typical news background on Twitter today 💭
🪄It's funny to see how information field literally with a wave of a magic wand (news about BlackRock ETF) turned from a bloody mess into a children's party with pancakes, unicorns and butterflies 🌈 🦄
The media and bloggers seem to have hit their heads and now they are shouting that institutionals are buying up BTC for 30k, although six months ago it cost half as much.
A kind of big hamsters with suitcases of money no longer know where to stick their quadrillions. Do you think big players will buy on highs, on the general hype? Do you think they kindly share in the news about their plans so you earns with them? 🤡
But what if I tell you that according to the elementary principles of the law of supply and demand, buying when everyone is buying is IMPOSSIBLE without a serious increase in price and a deterioration in its average.
Funds of this level cannot physically put their huge deposit into the market when no one is selling to them. When a trillion-dollar fund like BlackRock has a real interest in buying, the markets choke in blood, they write on Twitter that “crypto is dead”, and those who gain positions in the medium-long term throw off coins at a loss, expecting to buy back much lower.
This is the only way to buy a large volume without speeding up prices, and also not to burn your own areas of interest. After all, we have to compete for liquidity with other major players.
And a little visual statistics 💁♂️
Literally everyone is longing.
The mood is maximally long, there is greed on market, there are no shortists left.
Do you think we will go in bull market now?