Many are saying this is evidence of blatant manipulation because it "should have gone up more" but honestly how many people were waiting for all time highs again so they could dump? It is very commonplace behavior for there to be a transfer of wealth distribution at the top. It's just kind of mindblowing that people are so stupid that they would sell to Blackrock right out of the gate... or maybe it's not mindblowing at all that the serious grassroots Bitcoiners see this as hugely problematic and they want out before BTC becomes corrupted.
We can see that many long term hodlers have offloaded a lot of bitty at the top, so I don't think BlackRock et al have hypothecated Bitcoin yet. But Baldilocks did go down again today... There is no smoke without fire as they say.
Many are saying this is evidence of blatant manipulation because it "should have gone up more" but honestly how many people were waiting for all time highs again so they could dump? It is very commonplace behavior for there to be a transfer of wealth distribution at the top. It's just kind of mindblowing that people are so stupid that they would sell to Blackrock right out of the gate... or maybe it's not mindblowing at all that the serious grassroots Bitcoiners see this as hugely problematic and they want out before BTC becomes corrupted.
We can see that many long term hodlers have offloaded a lot of bitty at the top, so I don't think BlackRock et al have hypothecated Bitcoin yet. But Baldilocks did go down again today... There is no smoke without fire as they say.
Are ya on holiday again? :)))))
Having a posting break ❤️ 😉
Hehe, recharging batteries ;)
Yeah, busy with real life 😉❤️
If Coinbase has to halt trading on every 3% pump they are in deep shit.
Something tells me this is not the case.