BlackRock and Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas, have consistently stopped disastrous declines in the value of the crypto.
This coincides with speculations that BlackRock uses Coinbase’s Bitcoin IOUs to control the market, therefore shorting BTC and perhaps triggering price declines.
Often blamed for Bitcoin’s declines, Balchunas contends that traditional investors have actually helped to stabilize its price. According to him, many charges result from incredulity about core Bitcoin investors selling off their asset.
Crypto analyst Ali Martinez showed miners offloaded over 30,000 BTC in three days, indicating a sizable selling pressure originates within the Bitcoin community itself.
#Bitcoin miners have sold over 30,000 $BTC in the last 72 hours, worth around $1.71 billion! pic.twitter.com/OuaiIo7QZ9
— Ali (@ali_charts) September 11, 2024
Alleged Price Suppression Role Of Coinbase
Claims have emerged that by issuing Bitcoin IOUs, Coinbase mi
We współpracy z: https://bitcoinist.com/bitcoin-etfs-shielded-btc-from-massive-drops/
