- Fidelity, BlackRock and seasoned traders accumulated more Bitcoin in the dip.
- This is a strong signal that the Bitcoin super cycle is still in play.
- Will BTC and altcoins set a new ATH in the coming months?
As the crypto market swings to a recovery state despite extreme fear sentiment, analyst, financial experts, and long-time traders remind the broader crypto community that the bull phase following the Bitcoin Halving event is still very much in play.
Bull Market Still in Play, New ATHs Ahead
According to the post above, one financial expert, technical analyst, and crypto enthusiast shares the Bitcoin (BTC) price chart. He highlights that a systematic crash in the global economy has the potential to change the marco structure of the Bitcoin cycle.
Not saying outright if this is a good or a bad movement for Bitcoin if the global crash plays out, he reminds the crypto community that on days when one is confused about holding, guying, or selling their Bitcoin in chaotic and volatile times, it is important to zoom out ont he BTC price chart to remind oneself how far Bitcoin has come and how far it can still go.
BlackRock and Fidelity Did Not Sell BTC
In the brutal market crash yesterday, many traders either panic sold or sold to hedge their risks. While some financial experts like Warren Buffet sold all their stock holdings, others like BlackRock and Fidelity, the world’s largest hedge funds did not sell their BTC holdings. In fact, they added more to their balance sheets.
Other analysts share posts of a similar narrative, that the bullish super cycle for the crypto market is still in play. According to the post above, one analysts says that the global liquidity reflects Bitcoin (BTC) price and expects a huge reversal very soon.
Read Also
The post Despite the Dip, BlackRock and Fidelity Accumulated BTC, Fueling Sentiment for Bitcoin Super Bull Run appeared first on Crypto News Land.
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