Published: December 12, 2024
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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🧵👇

Image in tweet by symbiote

➮ Before we dive in.. I spend a lot of time and effort to create quality content, so make sure u've joined my TG to not miss anything: http://t.me/kinoyg Also, leave a like, comment, and retweet if you enjoyed the thread! Thank you.

1/➮ I know many don't have money to invest... So I want to help my random follower who supports me Will giveaway $5,000 to one random follower Like, rt and reply to THE FIRST POST to join Must be following so I can DM u Thanks for ur support🤍

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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

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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

Image in tweet by symbiote

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

Image in tweet by symbiote

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/...

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

➮ Give some love and support to this thread! 🕷 Follow @cryptosymbiiote for even more excitement! 🕷 Remember to like, retweet, and drop a comment on the original post! https://x.com/cryptosymbiiote/...

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