BlackRock's Bitcoin holdings have been growing, why doesn't the market rise?
BlackRock's BTC holdings have exceeded 322,000. Since the Bitcoin spot ETF was approved, the holdings have been increasing.
History is similar. There are always institutions leading each bull market.
The last bull market was led by Grayscale GBTC, which kept buying after BTC halving. This bull market is led by BlackRock IBIT.
Do you have a question?
BlackRock's Bitcoin holdings have been growing, why doesn't the market rise? In fact, the market in 2020 has the same question.
After the Bitcoin halving in May 2020, Grayscale has been buying, but Bitcoin just hasn't risen. At that time, many people were asking, why Grayscale kept buying, but the market just didn't rise?
It wasn't until the end of 2020 that Bitcoin took the lead and started a parabolic rise that the market answered everyone's questions.
The market is lagging behind~
As institutional holdings grow, they not only absorb the selling pressure of the German government, but also the selling pressure of short sellers.
Until the selling pressure is reduced and the chips are highly concentrated,
the pull-up really begins...