#BTC Happy Weekend
1. BlackRock has once again significantly sold off Bitcoin. They have just sold 3,690 $BTC worth $390 million and continue to sell more every few hours, yet another weekend manipulation event.
2. Typical weekend market. Selling due to lack of liquidity, even small trades can have a larger impact on the market. Retail panic, institutions re-buy. The old cycle.
3. This week, Bitcoin's price has repeatedly fallen below $100,000, but the daily closing price has remained above $100,000—marking six consecutive months of closing above this level. This indicates that Bitcoin has strong long-term support. Short-term fluctuations reflect market sentiment and trading flows more than changes in trends. For investors, the closing price is more important than intraday fluctuations.
