Guys, don’t get it twisted just because BlackRock is transferring thousands of BTC to exchanges daily.
Look beyond the surface; BlackRock's BTC ETF is a passive fund. It’s not BlackRock actively trading BTC. Instead, it’s the redemption from the underlying holders (institutions and retail) causing this passive liquidation!
I think there are a few reasons for this:
One is that there’s not much new narrative in crypto, and we’re in a bear cycle;
Another is that funds from US stocks in sectors like storage, AI, aerospace, and upcoming mega IPOs are getting siphoned off.
Also, with interest rate cuts still a long way off, low-risk funds are yielding high returns, which is a safe bet for big money.
Don’t underestimate institutions; they didn’t sell at 120k but are eager to offload at 60k.
Clear your logic; don’t get led astray.
As for whether BTC will drop further, sentiment is generally bearish right now, and there’s no stabilization yet. Keep your funds ready, set your orders, and patiently wait for the bloom.
I’ve bought at 72, 68, and 62, and I’m preparing to place my remaining cash at 58 and 56. The rest is in fate’s hands now. #贝莱德比特币ETF $BTC
Look beyond the surface; BlackRock's BTC ETF is a passive fund. It’s not BlackRock actively trading BTC. Instead, it’s the redemption from the underlying holders (institutions and retail) causing this passive liquidation!
I think there are a few reasons for this:
One is that there’s not much new narrative in crypto, and we’re in a bear cycle;
Another is that funds from US stocks in sectors like storage, AI, aerospace, and upcoming mega IPOs are getting siphoned off.
Also, with interest rate cuts still a long way off, low-risk funds are yielding high returns, which is a safe bet for big money.
Don’t underestimate institutions; they didn’t sell at 120k but are eager to offload at 60k.
Clear your logic; don’t get led astray.
As for whether BTC will drop further, sentiment is generally bearish right now, and there’s no stabilization yet. Keep your funds ready, set your orders, and patiently wait for the bloom.
I’ve bought at 72, 68, and 62, and I’m preparing to place my remaining cash at 58 and 56. The rest is in fate’s hands now. #贝莱德比特币ETF $BTC