BlackRock's IBIT yesterday received another $224 million, about 3,456 bitcoins, which is the largest single-day inflow for asset management institutions this month.
When comparing BlackRock and Grayscale this month, it is simply a sale and a sweep.
Grayscale does not reduce the fee rate, but the funds flow out. Every day, users are lost, and BlackRock collects money every day. Asset management is the first in vain. It feels like the father-in-law and mother-in-law are focused on supporting their son-in-law.
The first halving on November 28, 2012, the price was $12.22, and 12 months later it was $1050.18. The increase was 8702.85%.
The second halving on July 10, 2016, the price was $648.76, and 12 months later it was $2980. The increase was 540.4746%.
The third halving on May 12, 2020, the price was $8825.46, and 12 months later it was $64895.22. Increase of 660.345%
Each time Bitcoin is halved, the price will rise rapidly within 6-12 months. Today, it has been four months since the fourth halving, and there are only two months left before the half-year period. Bitcoin's return rate in October is the highest over the years. It just so happens that the interest rate cut announced by the Federal Reserve meeting in mid-to-late September, and the plan to cut interest rates by 100 basis points at the end of the year, as well as the support of Bitcoin ETF for the rise, all the good news has no reason not to continue to rise, so how can there be so many 519 staring at the pie circle.
If the big pie wants to really rise above 70,000, it depends on market demand. The high-level shock and the upward trend have not been broken, which will ultimately give it hope for short selling. Assuming that what I said above is established and realized, it is possible to start a bull market for the second time. However, it is under pressure during the day, and the three-needle peak at 65,000 is unable to rise. Everyone is slowly selling goods. The slow decline in the white market is an opportunity to take back the chips at night. In the short term, it is optimistic about taking back the long orders near 62,000.
