1. BlackRock has once again significantly sold off Bitcoin. They just sold 3,690 BTC worth $390 million, and continue to sell more every few hours—another weekend manipulation event. 2. Typical weekend market behavior. When liquidity is low, selling occurs, and even small trades can cause larger market impacts. Retail investors panic, while institutions buy back in. The old cycle continues. 3. Bitcoin's price has fallen below $100,000 multiple times this week, but the daily closing price has remained above $100,000—marking six consecutive months of closing prices above that level. This indicates strong long-term support for Bitcoin. Short-term fluctuations more reflect market sentiment and trading liquidity rather than trend reversals. For investors, closing prices are more important than intraday volatility.
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#BTC Happy weekend
1. BlackRock has once again significantly sold off Bitcoin. They just sold 3,690 BTC worth $390 million, and continue to sell more every few hours—another weekend manipulation event.
2. Typical weekend market behavior. When liquidity is low, selling occurs, and even small trades can cause larger market impacts. Retail investors panic, while institutions buy back in. The old cycle continues.
3. Bitcoin's price has fallen below $100,000 multiple times this week, but the daily closing price has remained above $100,000—marking six consecutive months of closing prices above that level. This indicates strong long-term support for Bitcoin. Short-term fluctuations more reflect market sentiment and trading liquidity rather than trend reversals. For investors, closing prices are more important than intraday volatility.