A massive selling is being made by Giants and whales, causin | CryptoRegime on Binance Square

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A massive selling is being made by Giants and whales, causing market to dump, mostly happened in weekends. Its a good opportunity to buy.
$SOL $BNB $BTC 
#MarketDownturn #OpportunityAhead #InvestSmartly 

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BLACKROCK HAS BEEN TALKING TO DIFFERENT SORTS OF INSTITUTIONS ON BITCOIN ETF INVESTMENTS Speaking to a news site, BlackRock head of digital assets Robert Mitchnick said they anticipate a new wave of inflows from “a different type of investor.” This assertion comes after a period of significant pause in terms of capital inflows into the BTC exchange-traded funds (ETFs) market. Specifically, Mitchnick says the new players could include financial institutions like sovereign wealth funds, pension funds and endowments. If these classes of investors begin to trade spot ETFs, the BlackRock executive said it would signify “a re-initiation of the discussion around Bitcoin.” Further, Mitchnick revealed that BlackRock, the world’s largest asset management firm, has been talking to different sorts of institutions, including “pensions, endowments, sovereign wealth funds, insurers, other asset managers, and family offices,” among others, about BTC for several years. Elsewhere, a filing (13F report) from the US Securities & Exchange Commission (SEC) indicates that the second largest European bank (by assets), BNP Paribas, purchased BlackRock BTC ETF shares (IBIT). The portion of BNP Paribas’ investment into IBIT was very small, 1,030 IBIT shares in Q1 of 2024 at $40.47 a share, for a total of $41,684.10. This is less than the value of a single BTC at current prices. Nevertheless, it is still significant because it points to one of the first confirmed instances where a major financial institution has purchased shares of a spot Bitcoin ETF. - BlackRock's head of digital assets says new wave of investors is likely to pour into the BTC ETF space. - After 71 days of capital inflows into Bitcoin ETFs, markets witnessed an unusual lull that denied tailwinds for BTC price. - Bitcoin price holds above $59,000 after an intraday low of $56,552 on Wednesday. #LatestNews #ETF✅ #BlackRockCrypto $BTC

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TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE: ALTCOINS TO PUMP ONCE BTC BOTTOMS OUT, SLOW GRIND UP FOR NOW Bitcoin (BTC) price slipped below $60,000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting. In the mid-April meeting, the Fed alleged new uncertainty concerning whether it could cut rates later this year because of inflation data from the previous quarter. This had markets anticipate a rate hike, causing Bitcoin price to dump, going as low as the $56K range. In a surprising twist on Wednesday, however, the Fed decided to keep rates unchanged, with the improved sentiment sending BTC back into the $58,000 range. The sentiment has extended to Ethereum (ETH) and Ripple (XRP) prices as they continue to hold above key support levels. KEY LEVEL TO WATCH AS BITCOIN PRICE SLOWLY GRINDS UP Bitcoin price drop on Wednesday saw it draw close to testing the Bull Market Support Band at $55,831. However, dovish news from the FOMC may have turned around fortunes as the BTC price is slowly grinding up. If the bulls can manage to haul BTC back above the $59,200 level, it could solidify the recovery, effectively meaning that BTC has bottomed out at $56,552. In the meantime, Bitcoin price remains in the woods amid falling momentum and growing bearish sentiment, as shown by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators. If the Bull Market Support band fails to hold as support, Bitcoin price could extend the fall toward the $52,000 threshold, or in a dire case, test the $50,000 psychological level. Conversely, with the RSI holding well above the mean level of 50, and the AO still in positive territory, all hope is not lost for BTC bulls. And while a flip of $59,200 into support would solidify a recovery rally, the bearish thesis will only be invalidated once BTC breaks and closes above $72,000. Source: Fxstreet #Megadrop #LatestNews #ETF✅ $BTC

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THIS IS HOW MARKET MAKERS AND WHALES MAKES MONEY When everyone's expecting a pump in the market, the market makers dumped it. Let's Recap The Show: January 2024: SEC's ETF Approval: When there was a high expectation among retail investors and news circulation that BTC's gonna pump after ETF approval, but it's price dumped from 48K to 41k. The whales and market makers gathered millions of profit, leaving retail traders in panic selling and liquidation. March and April 2024: The crypto market was inclining gradually due to pre halving of BTC. The market makers and influencers were selling the FOMO that BTC's gonna land to the moon after halving event, and everyone's started investing in crypto. And after reaching the BTC price to their desired targets, they've made another massive selling, leaving btc from 73k to 67k and further down after halving from 67k to 60k. And today, when Asia's first ever spot ETF approval in Hong Kong and the very first day of Spot ETF trade opened there, the giants again manipulated the market from 64k to 60k, still declining while writing this post. So always keep an eye on whats being propagated in the news goes adverse in reality. Avoid any short or long trade, just wait and see. They're selling the news and cashing the events. And now you'll see the gradual rise again, coz they'll start a massive buying again, a win-win situation for them, while leaving retailers in liquidation, losses and panic selling again. #HKETF #LatestNews #Megadrop $BTC

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Bitcoin Is Struggling. Cryptos Have Been Hit With a Wave of Profit-Taking

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BITCOIN PRICE MOVEMENT UPDATE As of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $64,095. Amid a wider range between $62,923 and $65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators. Bull Verdict Should Bitcoin break above the resistance level at $65,391 and sustain this upward movement, it would indicate a significant reversal from the prevailing bearish trend. Such a breakout could propel BTC towards a bullish phase, with the potential to reach a near-term target of $70,000. Traders should monitor for sustained movements above this key resistance, as it would suggest an increasing momentum and a possible shift in market sentiment towards optimism. Bear Verdict The consistent bearish signals across most MAs, coupled with a lack of strength in the oscillators, suggest that the bearish trend may persist in the near term. With resistance solidly forming at lower levels than previous highs and significant selling pressure evident, BTC could likely test further downsides, potentially approaching the next main bearish target at $60,000. Traders should remain cautious, considering safeguarding assets and preparing for possible further declines in price. What do you think about Bitcoin’s market action? Share your thoughts and opinions in the comments section below. #bitcoin #LatestNews #AltcoinDominance $BTC

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