#BlackRock buys a large amount of $btc The crypto world is in turmoil! BlackRock just bottomed out at 70 million, but the Bitcoin whale is "braking"?
The crypto folks who just woke up first look at this wave——Asset management giant BlackRock just took 153 BTC + 16,000 ETH from Coinbase 5 hours ago, directly throwing 67.48 million dollars into the market! This is real cash "sweeping the market"; you should know that these two currencies are still grinding in a volatile pit, is BlackRock betting on the bottom in advance?
While the giant is busy bottoming out, the Bitcoin "number one whale" Strategy is hitting the brakes: not only has the stock price collapsed by 42% in three months, but the speed of buying coins has been cut to "zero"—last month it only added over 9,000 BTC, while the same period last year bought 130,000!
However, JPMorgan just gave this whale a reassurance: as long as "enterprise value ÷ Bitcoin holdings" remains above 1, there is no need to be forced to sell coins (the current number is 1.13, just hitting the safety line). More brutally, this company still holds 1.4 billion dollars in cash reserves, so even if the coin price continues to fall, they won't go hungry in the short term. But there’s a risk to watch out for: if they are kicked out of the MSCI index, the 8.8 billion dollars might run off directly, will this safety cushion be enough then?
On one side, BlackRock is spending money to bottom out, while on the other, the whale is retracting its hands to save itself; the current crypto world is simply "two extremes".
What do you think, is BlackRock really optimistic or just short-term arbitrage? Can Strategy's 1.13 safety line withstand the next wave of decline? Bet on a direction in the comments: will the coin price rise next or continue to grind? $BTC $ETH


