Replying to Avatar Stefano Gaspari

My feeling is that the increased number of unconfirmed transactions in the mempool is in some way connected to an intensive accumulation activity perpetrated by BlackRock, Greyscale, etc ahead of the spot ETFs approval. I might be wrong anyways…

#Bitcoin

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Zach⚡️ 2y ago

Most of the transactions are ordinals. Blackrock could accumulate a huge Bitcoin position in the space of a single block if they wanted to. They also aren’t buying anything yet.

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