1. BlackRock has once again sold a large amount of Bitcoin. They just sold 3,690 BTC worth $390 million, and continue to sell more every few hours—another weekend manipulation event.
2. Typical weekend market behavior. When liquidity is low, selling occurs, and even small trades can cause larger market impacts. Retail investors panic, while institutions buy back in. The same old cycle.
3. Bitcoin's price has fallen below $100,000 multiple times this week, but the daily closing price has remained above $100,000—marking six consecutive months of closing prices above this level. This indicates strong long-term support for Bitcoin. Short-term fluctuations more reflect market sentiment and trading liquidity rather than trend reversals. For investors, closing prices are more important than intraday volatility.
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ZxFenglin
· 11-09 01:28
#BTC Happy Weekend
1. BlackRock has once again sold a large amount of Bitcoin. They just sold 3,690 BTC worth $390 million, and continue to sell more every few hours — another weekend manipulation event.
2. Typical weekend market behavior. Selling during low liquidity, even small trades, can cause larger market impacts. Retail investors panic, institutions buy back. The old cycle continues.
3. This week, Bitcoin's price has fallen below $100,000 multiple times, but the daily closing price has remained above $100,000 — marking six consecutive months of closing above this level. This indicates strong long-term support for Bitcoin. Short-term fluctuations more reflect market sentiment and trading liquidity rather than trend reversals. For investors, closing prices are more important than intraday volatility.
#GateWeb3LaunchpadBOB online $BTC $GT $ETH
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ProsperousAndBooming
· 11-09 00:33
The exit of big capital means a big dump is coming, and the Bear Market is not far away.
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ChinaEyeValleyHasAHigh
· 11-08 13:41
Be happy and joyful every day. Keep going until the end, and victory will be within reach. Keep pushing!
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Niutouchun
· 11-08 13:12
Be happy and joyful every day. Keep going until the end, and victory will be within reach. Keep pushing!
Happy weekend
1. BlackRock has once again sold a large amount of Bitcoin. They just sold 3,690 BTC worth $390 million, and continue to sell more every few hours—another weekend manipulation event.
2. Typical weekend market behavior. When liquidity is low, selling occurs, and even small trades can cause larger market impacts. Retail investors panic, while institutions buy back in. The same old cycle.
3. Bitcoin's price has fallen below $100,000 multiple times this week, but the daily closing price has remained above $100,000—marking six consecutive months of closing prices above this level. This indicates strong long-term support for Bitcoin. Short-term fluctuations more reflect market sentiment and trading liquidity rather than trend reversals. For investors, closing prices are more important than intraday volatility.