BlackRock just sent 100k $BTC to hidden wallets

Many Fear a $1B BTC Dump — Here’s What I Found

Amid growing concerns about a potential $1 billion dump of BTC, I decided to analyze the latest approach to see what’s really going on. What I discovered left me shocked. 🧵

The Situation:

Last time BTC whales dumped their assets, prices plummeted 30%. Just 2 days ago, BlackRock transferred 100k $BTC to multiple wallets. Here’s a breakdown of what could happen next.

Two Possible Scenarios:

1. BlackRock Will Sell

2. They Are Just Manipulating Retail

Each scenario has its own set of pros and cons.

Will BlackRock Start Selling?

Currently, BlackRock is sitting on huge profits from BTC. Although they don’t publicly disclose their average entry price, the accumulation phase suggests it ranges from $30k-$40k per coin.

You might remember when Germany and MT Gox dumped $9B worth of BTC, causing the price to drop from $72k to $54k. However, the drop wasn’t solely due to their sell-off. A $9B dump in a $20B daily volume market shouldn’t result in a 25% drop — retail panic did.

Market Sentiment:

Over the last week, many people started believing in this bull run, with lots of buy orders in the $100k range. This might be the best time for whales to shake off weak hands.

However, these transfers can also be seen as retail manipulation. Yesterday, BlackRock discussed how much BTC their investors should hold, a first for direct crypto ownership. Offloading to their own clients could tarnish their reputation.

Conclusion:

Right now might not be the best time to enter the market. While the bullish trend could continue, expect sell-offs and new entry opportunities. Don’t rush, and keep getting smarter every day.

Thanks for reading! If you found this analysis interesting, make sure to follow me for more valuable content 📈

My Profit today:

👉Get Free Simple Trading Ebook HERE

****** BEST CRYPTO EXCHANGE with exclusive BONUS ******

• BINGX free $5,000 bonus : Join Now
• BINANCE $300 bonus + safest: Join Now
• BITGET: $6200 welcome gift: Join now
• BYBIT free $30,000 bonus : Join Now

👉VPN Deal Here

BlackRock just sent 100k $BTC to hidden wallets was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.