How Blackrock's ETFs Could Impact Crypto Prices
Many crypto users believe that bull run has started but as per my knowledge and what I research I will say that the bull run is not yet started. Still the market situation is not clear and we may see another huge dump which takes all the prices down.
Before the approval of ETF I thought with myself that when we know about ETF that have more chance of approval so how ETF's themselves dont know. When there was 90% chance of ETF approval and with this many investors invested their amount.
So, why Blackrock company will buy later at much expensive prices? This is the question which makes me confuse but when I think deeply I get to the point that the insider news worked a lot and it push the market up already.
You guys better know that 6 months ago the price of Bitcoin was about $27K and suddenly the market starts pumping and during six months the price rose to $48K.
I understand that this was the buying of Blackrock ETF which was the effect of insider news. Many of us still dont know about that Blackrock already bought alot of Bitcoins.
That is therefore, how insiders news work in this market and how should we must have an eye to all these situations. Also keep in mind that huge companies won't buy at once rather they will prefer to buy at levels and in a way to buy low and sell high.
The Hidden Forces Shaping Crypto Trends
This is the main reason I am saying that still market trend is not clear and still there is a chance market see another huge price down. Because where ETF bought at lower level then they will also sell at high price which is already priced.
Any time they may sell their holdings back to dump the market and makes the investors become panic where they will sell their holdings and again ETF will start buying.
This is the way they fill their bags and you and us dont even know when they buy and when they sell. If you are short term holder then it must be in your mind to be careful. But if you are long term holder then there is nothing to worry because in the long run the market will always give a huge profit.
What do you people think about crypto market next move? Do you think ETF's buying are still not over and they may sell their holdings at any time? Will be glad to see your answers in the comment section.
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