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#BTC Have a nice weekend
1. BlackRock has once again significantly sold off Bitcoin. They have just sold 3,690 $BTC worth $390 million, and they continue to sell more every few hours, yet another weekend manipulation event.
2. Typical weekend market behavior. When there is insufficient liquidity, selling off, even small transactions, can have a greater impact on the market. Retail investors panic, and institutions buy back. The old cycle continues.
3. This week, the price of Bitcoin has repeatedly fallen below $100,000, but the daily closing price has remained above $100,000—this marks six consecutive months of Bitcoin closing above this level. This indicates that Bitcoin has strong long-term support. Short-term fluctuations reflect market sentiment and trading liquidity more than a trend reversal. For investors, the closing price is more important than intraday volatility.
#GateWeb3LaunchpadBOB上线 $BTC $GT $ETH