My timeline is filled with "Blackrock sold $BTC. It's OVER!"


Guys, BlackRock is not buying, nor selling $BTC. Its clients are. And most of them are retail, just like the rest of us.
Also, looking at the Inflows/Outflows for the past 2 years, every time we had them leaning deep in one way it aligned with local tops or local bottoms.
That's because retail tends to be emotional and either buy at the top or sell at the bottom.
Yes, the exact inflows and outflows from the Bitcoin ETF's, including Blackrock that everyone is telling you that they're selling.
So whenever you see someone posting that "Blackrock has sold $BTC", do yourself a favor and unfollow that engagement bait account.
BTC-0.59%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments