BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and high drop. The usual suspects include government guidelines, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies including Tether (USDT). SEC kicks Bitcoin ETF can down the roadBetween Aug. 15 and Aug. 18, Bitcoins price experienced a significant 12% decrease. This event followed a familiar pattern, triggering a range of reasons put forth by professionals and analysts. Due to the decentralized nature of cryptocurrencies and the absence of openness among exchanges, confirming whether a particular entity affected the cost movement remains a difficult task.On Aug. 11, Ceni, a co-founder of Ceni Capital, made a forecast that turned out to be partly accurate. Ceni forecasted a Bitcoin cost lower than $29,000, expecting the U.S. Securities and Exchange Commission (SEC) to delay its decision concerning the Ark Bitcoin ETF.SEC Delays Decision on Ark Invests Spot Bitcoin ETF Application, Calls For Public Input-8 week delay for BlackRock to manipulate the market. 29k needs to break soon low-cost statistics for holders and institutional financiers. pic.twitter.com/pcBhOho0Ax— CENI ⬛(,) (@ceni0718) August 11, 2023

Ceni has actually pointed to BlackRock as a possible instigator of Bitcoins crash, a claim that warrants comprehensive investigation.Spot-based Bitcoin ETF is not a short-term offer for BlackRockThe idea that BlackRock might benefit from a lower Bitcoin cost before launching a spot-based Bitcoin ETF is not as straightforward as it might appear. Engaging in activities that might be construed as price manipulation might endanger BlackRocks chances of protecting the essential regulative approvals for their ETF offering.Lastly, instilling investor confidence is of critical value when introducing any financial investment item, particularly an unique one like a Bitcoin ETF. BlackRocks interest likely lies in launching the ETF during a duration of favorable sentiment, where investors feel confident about the potential for future gains.If not BlackRock, whos to blame for the BTC rate drop?The next possibility frequently considered when trying to discuss a drop in Bitcoins rate is the concept that the federal government will regulate the cryptocurrency sector.

While this theory is intriguing, there are obstacles and factors that make it appear less likely. First, its possible to rather track government wallets, but we must keep in mind that governments typically have only a little part of all the Bitcoin, so their influence on the entire market is limited.Related: Bitcoin speculators are underwater on 88% of their BTC bags– ResearchBetting versus BNB rate, and other nonsenseNext, the concept of wagering versus the rate of BNB might not be as basic as it sounds. To wager against BNB, you d require to borrow it, however you cant do that on platforms that follow guidelines. By inspecting Binances transparency page, you can see in real-time whether their Bitcoin wallets are getting smaller sized compared to other exchanges. Bitcoin balance on exchanges (total), in BTC. Source: Glassnode/@jimmyvs24This might suggest unusual things like the incorrect use of consumer money or monetary problems. Real information from these observations is more important than simply thinking, as it gives us insight into how well the exchange is doing.Ultimately, the majority of these theories make assumptions and streamline things, ignoring how intricate cryptocurrency markets, exchanges, and regulations are. The real outcomes might be really various from whats suggested, so while we may never ever understand the truth for sure, we can a minimum of dismiss such theories as BlackRock crashing Bitcoin before a spot-Bitcoin ETF approval.This article is for basic information functions and is not intended to be and must not be taken as legal or financial investment suggestions. The views, thoughts, and viewpoints expressed here are the authors alone and do not always reflect or represent the views and opinions of Cointelegraph.

The usual suspects consist of government guidelines, the possibility of exchanges controling prices, Bitcoin whales manipulating costs, over-leveraged traders, and some conspiracies including Tether (USDT). SEC kicks Bitcoin ETF can down the roadBetween Aug. 15 and Aug. 18, Bitcoins rate experienced a significant 12% decrease. Ceni forecasted a Bitcoin rate lower than $29,000, anticipating the U.S. Securities and Exchange Commission (SEC) to postpone its decision regarding the Ark Bitcoin ETF.SEC Delays Decision on Ark Invests Spot Bitcoin ETF Application, Calls For Public Input-8 week delay for BlackRock to control the market. Ceni has actually pointed to BlackRock as a prospective instigator of Bitcoins crash, a claim that warrants comprehensive investigation.Spot-based Bitcoin ETF is not a short-term offer for BlackRockThe idea that BlackRock may benefit from a lower Bitcoin rate prior to releasing a spot-based Bitcoin ETF is not as straightforward as it might appear. BlackRocks interest most likely lies in introducing the ETF throughout a period of favorable belief, where investors feel positive about the potential for future gains.If not BlackRock, whos to blame for the BTC cost drop?The next possibility frequently thought about when trying to discuss a drop in Bitcoins price is the concept that the government will manage the cryptocurrency sector.