Would'nt tis mean that maybe #Blackrock is playing tricks already on the #BTC price? As far as i know #coinbase should be the one to buy and hold #Bitcoin for the Balckrock #ETF . It does not make sense that their balance on BTC is going down. Maybe it is manipulation.
Discussion
There must be a purpose to the manipulation. The big players dictate the trend. I have always used short term investment trading.
The obvious thing would be to try to acumilate BTC somewhere else.
They can just form another whale somewhere else and making it look like a lot people are selling their #BTC to just make people sending their BTC to this whale as well. That would be the simplest fishing strategy in the Bitcoin space for them. This would describe as well why the #ETF decisions wore postponed. They just want to fish more and learn about how to manipulate the price the best way.
Main point is that #Blackrock can be acumulating anonymously as well. Or did somebody discover their wallets?
So this is an reminder:
Number of transactions has no meaning to #Bitcoin price. It should not have. Otherwise the big players will win.