symbiote

BlackRock withdrew ~100k $BTC to 29 different wallets!

The questions arise: Why are they doing this and What will happen to BTC?

I spent ~10 hours researching all the data and found smth shocking...

Here is what it means and what's going to happen🧵👇 

➮ Before we dive in..

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1/➮ I know many don't have money to invest...

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2/➮ Yesterday, BlackRock transferred 100k BTC to other wallets

🕷 There are 2 possible scenarios:

- BlackRock is selling
- Manipulations

I did some research to dive deeper into the issue and fully understand what is going to happen:

3/➮ BlackRock is selling?

🕷 If you don't believe in this scenario, it's a mistake because BlackRock is sitting on huge profits from its $BTC

🕷 This could be their move, but after researching, I realized it closely resembles the Mt. Gox situation

So here's what will happen next

4/➮ Everyone remembers the $9B Mt. Gox and Germany $BTC dump that took the price from $70k to $50k

🕷 But those who understand the market know that $20B in daily exchange volume can’t dump that hard from just $9B

🕷 All of this happened due to panic and regular retails 

5/➮ Also, considering that retails have strongly believed in crypto and the bull run recently

🕷 They started investing at ATH in many high-cap alts that pumped, like $XRP, etc

🕷 This is the perfect time to shake weak hands out of the market 

6/➮ But it's also important to understand where you are in the market right now to determine your actions

🕷 If you don’t know this — here’s my research and outlook on the market at the moment

https://x.com/cryptosymbiiote/status/1866214979852267671

7/➮ Overall, my recommendation rn is to stay out of the market, whether you have a position or not

🕷 This isn't the best time to enter the market

🕷 Holding or taking profit (depending on your R/R) has always been the best decision

8/➮ It’s also important to know that BlackRock can have twice the impact compared to Mt. Gox and Germany combined

🕷 That’s why I recommend staying on the sidelines and just watching what happens

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https://x.com/cryptosymbiiote/status/1867253851621142646