BlackRock pressures the Bitcoin price strongly, especially as the monthly close approaches.
Yesterday around 7,400 Bitcoins were transferred, and today selling pressure continues to weigh on the market. In the coming hours, you will likely hear news claiming that BlackRock has been dumping, but what is actually happening may begin before the news spreads. Sometimes moving coins is just a step that precedes drawing traders’ attention, while the selling pressure is already in place.
Don’t believe everything that big companies like BlackRock or Saylor announce; not everything that gets published is necessarily in the best interest of the small investor. News may come after the main move has already happened.
In the end, watch price action, volume, and liquidity more than you follow statements. Whales don’t announce their real moves when it’s in their favor, and what gets published in the media is not necessarily the full picture.
$BTC