Source: Talk Li Talk Outside
According to previous public data, Blackrock's BTC holdings have reached 527,760 BTC, with a total value of about $51 billion. As shown in the figure below.
But today, through on-chain data, we can see that just over 10 hours ago (December 10), Blackrock has extracted more than 20,000 BTC to about 30 new unknown BTC addresses. As shown in the figure below.
And from the changes in Blackrock's BTC holdings, they indeed reduced more than 20,000 Bitcoins yesterday. As shown in the figure below.
I don't know how much the recent market downturn is related to this, but the changes in Blackrock's holdings will certainly have some impact on people's sentiment. Of course, some analysts also attribute the decline in the past two days to the voting results of Microsoft (the main shareholders of Microsoft voted against including Bitcoin in the company's balance sheet).
As for how much this kind of impact can disrupt the market, this may be a matter of personal opinion. I believe that many people have also experienced the period when the German government sold BTC not long ago, and many people panicked during that period, but after the panic, we still welcomed the breakthrough of BTC above $100,000. Of course, this market trend also caused many people to miss the pump.
Now, it seems that the same script is again presented to people.
Reviewing the period in June and July this year, due to news such as the MtGox compensation plan and the German government's sale of Bitcoins, the market was once again panicked, causing Bitcoin's price to fluctuate greatly, hovering around $50,000 to $60,000 for correction. I remember we discussed this issue in the article at that time. As shown in the figure below.
But after a period of cleaning up, BTC started to break through ATH continuously after entering November, and successfully broke through the psychological barrier of $100,000 last week (December 5). As shown in the figure below.
After BTC successfully broke through the $100,000 mark, from the current overall liquidity situation, the market seems to have difficulty maintaining the continued rapid rise of BTC's price. And BTC's historic breakthrough is a new milestone event for the crypto market, so we have recently seen a lot of mainstream media reporting on this event, and many people have started to believe that the bull market will continue, and they have started to buy BTC at high prices, and after the rapid rise of Altcoins like XRP, they have started to buy a large amount of Altcoins again, and many people have even started to use leverage in an attempt to beat the market.
In this case, BTC's sideways adjustment or short-term pullback may be the best choice, because the market needs to continue to shake off those speculative people, as for how long this process will last and how strong it will be, I can't say for sure, and no one knows.
In order to achieve the above purpose, according to past practices, it is necessary to create some news to influence people's decision-making (market manipulation), and the specific actions of large institutions like Blackrock are a good example of sentiment.
Blackrock suddenly transferred more than 20,000 BTC, and some people may understand this as: Blackrock is going to start dumping?
Then, many speculators will be scared and will hand over their chips.
Perhaps we will continue to see more "unfavorable" news actively displayed in front of you, as for whether you can continue to hold your chips, or whether you want to continue to increase your positions during the market correction, these are decisions you need to make yourself, because the wallet is yours, we can't do anything for you.
Some people in this field just want to gamble, hoping to make a fortune overnight with a small bet.
Some people in this field just want to make money, they will turn their knowledge and skills into a means of making money, and can increase their wealth through some reasonable strategies to adapt to the market.
Some people in this field just want to hold, like our goal is to hold more and more BTC, and we won't care too much about the short-term price fluctuations of BTC.
In short, different individuals have different goals, and the corresponding execution strategies may be different. Many people are trying to find a universal get-rich-quick strategy that can be applied to anyone, which is actually very unrealistic. Even the so-called hoarding, everyone can do it, but it may not be suitable for everyone, for example, if you only have a few hundred dollars of principal and hope to get rich overnight, then playing MemeCoin may be a better choice than hoarding.
For a long time, I often encounter a situation where as long as the market goes down, some people will come to ask: is the bull market still there?
For such a situation, if you have never read the previous articles of Talk Li Talk Outside, and ask me such questions right away, then my answer to you is: if you believe it, it's there, if you don't believe it, it's not there.
From my personal experience, Bitcoin has risen about 5.6 times from the relative bottom area of around $15,000 in this cycle to now, we have actually been in a bull market for a long time. I remember in the previous articles of Talk Li Talk Outside, we shared that our average cost of DCA in this cycle is $25,700, and we have already sold 10% of the Bitcoin last week, if calculated in terms of profit, we have basically withdrawn the DCA principal, and the remaining 90% of the Bitcoin is all profit. If it's a coin-based mindset, whether the bull market will continue in the future, whether the price of BTC will rise or fall, we actually don't care too much, we just need to strictly execute our trading discipline.
From the perspective of others, many people originally believed that BTC could reach $100,000, but from the feedback on social platforms and some groups, it seems that many people did not invest too much position in BTC before. It is precisely because they missed it before, so many people now believe that BTC can reach $150,000 next year. And with the media coverage, more and more retail investors seem to be inquiring or just entering this market, for them, $100,000 is just the beginning, they are just beginning to experience this bull market.
Whether from a psychological or price performance perspective, this seems to be a typical market cycle operation mode. And in this cycle, due to the existence of some new variables such as ETF, the price of BTC has broken through ATH earlier than most people expected, and after experiencing more than half a year of correction, it has once again continuously broken through ATH and created the milestone event of $100,000.
In this ongoing process of change, capital flows often gradually shift from the impatient to the patient. If after all this you have not become disillusioned or disappointed with this market, the thing to do now is to summarize yourself and improve your strategy, because there is still opportunity, as we mentioned in a previous article: 2023 is full of opportunities, 2024 is full of opportunities, and 2025 is full of expectations.
Some of the things that can be grasped or done next include:
Reasonably assess your own risk tolerance, optimize your investment portfolio, and don't just look at the price when buying and selling. For example, if you think 3700 ETH is expensive because you experienced 700 ETH, you may miss out on more.
If you are still not interested in BTC, then with the breakthrough and correction of BTC, you can try to pay more attention to the changes in ETH and its ecosystem. If you don't have much time and energy to do research and exploration, the simplest thing to do is to gradually increase your position in ETH.
The Altcoin season has arrived, but as we mentioned in our previous article, this Altcoin season is unlikely to see the kind of across-the-board rally as in the previous bull market Altcoin season. If you are a newcomer, it's best not to just chase whatever is hot, try to do nothing if you don't understand, don't chase highs, don't use leverage, or simply don't touch Altcoins.
If you don't want to miss the Altcoin season opportunity, then try to dig deeper into those that can still tell more stories, such as AI, RWA, GameFi, etc. that we've mentioned in previous articles. Of course, if your personal risk preference is relatively large, you can decide what to play and how to play it yourself, but if you don't have your own opinion, I also suggest not to leave a message to ask me directly which coin can make you rich, I don't know, DYOR, and we also have no obligation to be responsible for others' dreams of getting rich.
All operations should be done in batches, such as buying in batches and selling in batches, don't just go All In. Although some people always say that All In and concentrated positions can create miracles, this kind of miracle will not happen to most people.
Professional traders can make money whether the market goes up or down, but if you don't have the level of a professional trader for now, the safest way is to keep learning, keep focusing, don't be greedy, and just hold a few spots you like the most.
Just as the bear market has no bottom, the bull market also has no top, don't always try to predict the top price, and don't try to ask others to find the top price, opportunities and risks coexist, especially in the bull market, you need to pay attention to necessary (partial) profit-taking, it's better to earn a little less than to be trapped on the mountain top blowing in the wind for a few years.
Persist, don't give up.
