🔍🔍🔍 BlackRock's BTC ETF cash flow is negative and could lead to selling Strategy $BTC

🖤 From October 13 until now, the IBIT cash flow ($BTC ETF of BlackRock) is negative ~$2.6B

-> the longest negative IBIT cash flow in history

🖤 The amount of BTC held by BlackRock has decreased by ~28.6K (~$2.8B) over the same period

Additionally, you may not know:

🖤 BlackRock is among the top organizations owning $MSTR (14.6M shares)

🖤 Strategy holds ~$15B BTC at Fidelity

🖤 Fidelity distributes IBIT, with zero commission for clients

If this situation continues, BlackRock may sell more $MSTR or $BTC, risking the mNAV EV of the Strategy to drop below 1

The American MM guys now are no different from openly manipulating $BTC 🙏

BTCUSDT

Perp

88,994.7

+1.00%