this is Black Rock and you can see there's only inflows going into Bitcoin
clearly Bitcoin is dropped significantly as a matter of short-term percentages from $108,000 to 95,000 in 4 days. obviously we see the impact on ETFs that own Bitcoin they have dropped dramatically as well.
but here is the inflows and outflows from BlackRock as they report
what you don't see are any outflows
what does this mean?
in my opinion black rock is buying for themselves 100% of any of the liquidations from their ETF so that they don't have to turn around and sell Bitcoin back to the street.
granted Black Rock owns everything but do you really think that they would want to buy Bitcoin if they believe that it was going to fall precipitously I don't I think they would sell it back to the street just like a normal mutual fund sell stock back to the street.
so it appears that black rock believes it will be significantly higher in the future and they're buying it for themselves.
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dydxequalszero
:
Market manipulation by big institutions as usual. And they also purposely posted a video with a disclaimer that Bitcoin may not be capped at 21 million to further spook investors.
10baggerbamm
OP
dydxequalszero
:
well I mean the videos useless because everybody knows that's by design it was 21 million 21 million not 22 not 25 21 this is not like upper Deck where Ken Griffey number one rookie card becomes so much in demand that they open up the printing presses again and start printing them again
10baggerbamm
OP
TheOracleOfBroMaha
:
they obviously have liquidations in their ETF but you don't see a decline in Bitcoin where they're selling it back to the street so where is that going they must be buying it because all you see are inflows of Bitcoin no outflows so they are accumulating any weakness on dips they buy for Black Rock themselves that's what I think otherwise you would see a reduction and you would see a net outflow
dydxequalszero : Market manipulation by big institutions as usual. And they also purposely posted a video with a disclaimer that Bitcoin may not be capped at 21 million to further spook investors.
10baggerbamm OP dydxequalszero : well I mean the videos useless because everybody knows that's by design it was 21 million 21 million not 22 not 25 21 this is not like upper Deck where Ken Griffey number one rookie card becomes so much in demand that they open up the printing presses again and start printing them again
TheOracleOfBroMaha : How can you tell it’s blkrk buying? Curious
10baggerbamm OP TheOracleOfBroMaha : they obviously have liquidations in their ETF but you don't see a decline in Bitcoin where they're selling it back to the street so where is that going they must be buying it because all you see are inflows of Bitcoin no outflows so they are accumulating any weakness on dips they buy for Black Rock themselves that's what I think otherwise you would see a reduction and you would see a net outflow