Hello!
Just a quick reminder, Blackrock never sleeps. Well, in fact, is not Blackrock who is buying Bitcoin everyday. The IBIT hodlers are.
IBIT is the name of the Blackrock ETF, it looks that there is a new marketing team for Bitcoin. Look at the numbers published by Thomas from heyapollo.com
In the last 24 hours they bought 4869 BTC. But if we take a closer look at the chart we can notice that the ghart is always going up, the worst case is that it flattens during some periods but it's an always go up chart.
It reminds me at the chart of the 200 weekly moving average for Bitcoin, it always goes up. And now is sitting above $40,000 usd.
At this point in time, it’s just a matter of time that we go to new all time highs. With this constant buy pressure and just 450 new Bitcoin being mined each day the math is simple. Demand is not going to be stable for a long time, at some point FOMO will kick in, it’s just human nature. We always feel FOMO, fear of missing out when an asset price rises in a short period of time. I should have bought… maybe I should buy… and then you finally buy at the top.
I hope you have a great day!
Yea I am going to need help to fight them. But them getting BTC is good for us.
Those poor suckers, nyknyc.
I'm betting that the etf's are naked shorting by not buying actual coins, but just carrying the balance until they have to settle in fiat.
Wishing for a den of snakes to join the game is gonna come with some people getting bit.