But then on the other hand, institutions constantly sell and buy as thats their whole business.
baIIern on
90% not selling is the opportunistic pov.
10% selling is too much.
coinfeeds-bot on
tldr; BlackRock’s Head of Digital Assets, Robert Mitchnick, stated that 90% of its Bitcoin ETF (IBIT) holders did not sell during a recent 47% market drawdown, showing strong conviction among retail investors and financial advisors. On-chain data supports this, with Bitcoin supply on exchanges at its lowest since 2017, indicating long-term holders are moving coins to storage. BlackRock also launched a staked Ether ETF, signaling its growing confidence in the crypto market beyond Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ThreeTonChonker on
That’s because if you’re investing through Blackrock you likely have a high net worth.
High net worth people are only going to put 5-10% into Bitcoin. But that’s still millions.
When a dip happens, it’s a blip on their radar. More than likely they aren’t checking their portfolio that often.
It’s only over leveraged people that have 50%+ of their portfolio in something OR “need” something to succeed that check the news every day. These are the people being targeted by FUD and bad news so they sell and allow margin traders to make enormous profits by simply catering to anxious people.
All we need to know is that this Blackrock ETF has been in operation for years and people aren’t selling because they’re very likely happy with the results from a zoomed out perspective. If you bought Bitcoin during the dip 5 years ago you could’ve gotten it for $7k. Now we’re all disappointed 5 years later with a 10x at $70k.
Everyone is still looking for reasons to hate BTC. Still grasping at straws. Anyone who thinks it’s not still early is naive.
CryptoD3g3n on
90% of ETF is the Government tied to Black Rock probably lol
Dmoan on
Most of these are held by money managers and institutions who don’t typically panic
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That’s something.
But then on the other hand, institutions constantly sell and buy as thats their whole business.
90% not selling is the opportunistic pov.
10% selling is too much.
tldr; BlackRock’s Head of Digital Assets, Robert Mitchnick, stated that 90% of its Bitcoin ETF (IBIT) holders did not sell during a recent 47% market drawdown, showing strong conviction among retail investors and financial advisors. On-chain data supports this, with Bitcoin supply on exchanges at its lowest since 2017, indicating long-term holders are moving coins to storage. BlackRock also launched a staked Ether ETF, signaling its growing confidence in the crypto market beyond Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
That’s because if you’re investing through Blackrock you likely have a high net worth.
High net worth people are only going to put 5-10% into Bitcoin. But that’s still millions.
When a dip happens, it’s a blip on their radar. More than likely they aren’t checking their portfolio that often.
It’s only over leveraged people that have 50%+ of their portfolio in something OR “need” something to succeed that check the news every day. These are the people being targeted by FUD and bad news so they sell and allow margin traders to make enormous profits by simply catering to anxious people.
All we need to know is that this Blackrock ETF has been in operation for years and people aren’t selling because they’re very likely happy with the results from a zoomed out perspective. If you bought Bitcoin during the dip 5 years ago you could’ve gotten it for $7k. Now we’re all disappointed 5 years later with a 10x at $70k.
Everyone is still looking for reasons to hate BTC. Still grasping at straws. Anyone who thinks it’s not still early is naive.
90% of ETF is the Government tied to Black Rock probably lol
Most of these are held by money managers and institutions who don’t typically panic