Recent decline of the cryptocurrency market: reasons and consequences In recent weeks, the cryptocurrency market has experienced a significant decline, raising concerns among investors and analysts worldwide. This drop has become one of the most notable in recent months and is linked to several key factors.
๐ฅBREAKING๐จ: BlacRock sold $188.7 MILLION worth of $BTC yesterday...๐ฑ๐ธ
The questions arise:
Why are they doing this? and What will happen to BTC?
This is the biggest sell-off EVER
I spent ~10 hours researching all the data: Here is why u should worried๐งต๐
We put a lot of research and work into this thread before reading it.๐ ๐จ
Very Important ๐จ Please follow @Coinaute e and ๐ฉทLike + Comment and โ Share #binance #MarketDownturn 1/โซ One more thing, I know that many don't have money to invest so... โ I want to help u and giveaway 1 ETH ($3,500) to one random follower โ Follow @Coinaute and ๐ฉทLike + Comment and โ Share This post Thanks for supporting me. 2/โซ Not long ago, BlackRock transferred 100k BTC to 29 other wallets
โ Yesterday, BlackRock sold $188.7M worth of $BTC
โ 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/โซ Fixing Profits
โ Letโs be honest, this scenario is quite likely, no matter how much ppl donโt want it to be
โ BlackRock bought with an avg buy price of ~$50kโ$60k
โ This means BlackRock's profit is roughly ~2x
โ However, after my research, I realized the following 4/โซ This situation is very reminiscent of the $9B Mt. Gox and Germany $BTC dump
โ It sent BTC from $70k down to $50k
โ But anyone who understands the market realizes that $20B in daily exchange volume canโt cause such a significant drop just from $9B
Let me explain more๐ 5/โซ The dump didnโt happen because Mt. Gox and Germany were selling
โ It happened cause of the reaction and panic from retails who rushed to sell along with them
โ And BlackRock plans to intentionally create a similar situation
6/โซ Why do I think so?
โ Situation couldnโt be more perfect cause retails have strongly believed in crypto, and the bull run
โ Many have started investing at ATH in high-cap alts like $XRP, etc
โ Thatโs why this is the perfect time to shake out paper hands 7/โซ Thatโs why itโs crucial to carefully plan every move right now, as the market is highly volatile
โ In such moments, you can lose a significant % of your profit/portfolio
โ If youโre unaware of this, hereโs my research on the current market: 8/โซ At the moment, my recommendation is to stay out of the market, especially if you already have a position
โ This isnโt the best time to enter the market
โ The best thing you can do rn is simply hold or gradually take profits, depending on your R/R 9/โซ To fully understand the seriousness of the situation, you need to realize the following:
โ BlackRock has two to three times more influence than Mt. Gox and Germany combined
โ 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.๐ ๐จ
Very Important ๐จ Please follow @Coinaute e and ๐ฉทLike + Comment and โ Share #binance #MarketDownturn
๐ฅBREAKING๐จ: BlacRock sold $188.7 MILLION worth of $BTC yesterday...๐ฑ๐ธ
The questions arise:
Why are they doing this? and What will happen to BTC?
This is the biggest sell-off EVER
I spent ~10 hours researching all the data: Here is why u should worried๐งต๐
We put a lot of research and work into this thread before reading it.๐ ๐จ
Very Important ๐จ Please follow @Coinaute e and ๐ฉทLike + Comment and โ Share #binance #MarketDownturn 1/โซ One more thing, I know that many don't have money to invest so... โ I want to help u and giveaway 1 ETH ($3,500) to one random follower โ Follow @Coinaute and ๐ฉทLike + Comment and โ Share This post Thanks for supporting me. 2/โซ Not long ago, BlackRock transferred 100k BTC to 29 other wallets
โ Yesterday, BlackRock sold $188.7M worth of $BTC
โ 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/โซ Fixing Profits
โ Letโs be honest, this scenario is quite likely, no matter how much ppl donโt want it to be
โ BlackRock bought with an avg buy price of ~$50kโ$60k
โ This means BlackRock's profit is roughly ~2x
โ However, after my research, I realized the following 4/โซ This situation is very reminiscent of the $9B Mt. Gox and Germany $BTC dump
โ It sent BTC from $70k down to $50k
โ But anyone who understands the market realizes that $20B in daily exchange volume canโt cause such a significant drop just from $9B
Let me explain more๐ 5/โซ The dump didnโt happen because Mt. Gox and Germany were selling
โ It happened cause of the reaction and panic from retails who rushed to sell along with them
โ And BlackRock plans to intentionally create a similar situation
6/โซ Why do I think so?
โ Situation couldnโt be more perfect cause retails have strongly believed in crypto, and the bull run
โ Many have started investing at ATH in high-cap alts like $XRP, etc
โ Thatโs why this is the perfect time to shake out paper hands 7/โซ Thatโs why itโs crucial to carefully plan every move right now, as the market is highly volatile
โ In such moments, you can lose a significant % of your profit/portfolio
โ If youโre unaware of this, hereโs my research on the current market: 8/โซ At the moment, my recommendation is to stay out of the market, especially if you already have a position
โ This isnโt the best time to enter the market
โ The best thing you can do rn is simply hold or gradually take profits, depending on your R/R 9/โซ To fully understand the seriousness of the situation, you need to realize the following:
โ BlackRock has two to three times more influence than Mt. Gox and Germany combined
โ 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.๐ ๐จ
Very Important ๐จ Please follow @Coinaute e and ๐ฉทLike + Comment and โ Share #binance #MarketDownturn
#bullish #altsesaon No matter what anyone says, no one really knows what will happen in an hour, a day, or a month. Therefore, I suggest selling a small portion of the portfolio in case of a -30% to -50% drop before the rise. Usually, thatโs how it goes; a pullback is the push before the flight.. good luck to everyone, itโs all in your hands..
#bullish #altsesaon No matter what anyone says, no one really knows what will happen in an hour, a day, or a month. Therefore, I suggest selling a small portion of the portfolio in case of a -30% to -50% drop before the rise. Usually, thatโs how it goes; a pullback is the push before the flight.. good luck to everyone, itโs all in your hands..