Probably Blackrock shorting so they can buy it discounted. Good time to grab a little for yourself while it's down. Wish I had picked up more Bitcoin when it was super low. Most of my holdings are still in ether, which I picked up about a handful of when they were still $15. Oh to have a time machine...
Dips are intentionally created to try and get individual holders to sell, so they (institutions) can buy as cheap as possible. They were buying every day since the inception of the ETFs, then suddenly stopped to create FUD (fear, uncertainty, doubt) which emotionally fools people into selling.
Rumor is Hong Kong ETF approval is coming on Monday, so they’re trying to create dips (buying opportunities) while they still can.
Bitcoin rapidly increased from ~$40k to $70k because $4b of new $ came in from institutional buying (ETFs). That was $4b, and Hong Kong is looking at $25b inflow. And then come the Saudis who are supposedly about to get onboard, not to mention the unknown nation state (Russia?) that has recently started buying in huge amounts.
All this right as we’re approaching the halving next week, and Trump just “flipped” and gave his approval of Bitcoin.
Probably Blackrock shorting so they can buy it discounted. Good time to grab a little for yourself while it's down. Wish I had picked up more Bitcoin when it was super low. Most of my holdings are still in ether, which I picked up about a handful of when they were still $15. Oh to have a time machine...
Dips are intentionally created to try and get individual holders to sell, so they (institutions) can buy as cheap as possible. They were buying every day since the inception of the ETFs, then suddenly stopped to create FUD (fear, uncertainty, doubt) which emotionally fools people into selling.
Rumor is Hong Kong ETF approval is coming on Monday, so they’re trying to create dips (buying opportunities) while they still can.
Bitcoin rapidly increased from ~$40k to $70k because $4b of new $ came in from institutional buying (ETFs). That was $4b, and Hong Kong is looking at $25b inflow. And then come the Saudis who are supposedly about to get onboard, not to mention the unknown nation state (Russia?) that has recently started buying in huge amounts.
All this right as we’re approaching the halving next week, and Trump just “flipped” and gave his approval of Bitcoin.