Whale 0x3ed4 just chased the pump and opened a 10x long on 142,754 $HYPE($9.1M).
Liquidation price: $41.93
Yesterday, this whale also opened a 10x long on 13,356 $ZEC($8.24M).
https://t.co/S20iPpJYVg
Let’s be very clear
The biggest players on the planet are building around Bitcoin and crypto.
BlackRock, Fidelity, JP Morgan, Goldman, Franklin Templeton, State Street, Vanguard, sovereign wealth funds, top universities, pension funds.
They are all building infrastructure around Bitcoin and crypto at the fastest pace we have ever seen.
They call Bitcoin an alternative asset
They lobby for ETFs and regulation
They build custody
They deploy billions
OGs and retail are selling at record pace because they believe in the 4 year cycle. And so it becomes a self fulfilling prophecy.
Meanwhile institutions accumulate through OTC where their demand doesn’t move the chart.
And somehow people think this price action is an accident.
Institutions have done this with every tiny asset in history.
They push the price around, exhaust retail, create maximum doubt.
Then they buy everything cheap.
That is how BlackRock, State Street and Vanguard ended up owning most equities and real estate.
It is the same playbook.
Right now they want you tired, emotional, convinced the party is over.
And in a few years everyone will cry that institutions own most of Bitcoin. But if that happens it is not because they stole it, it is because retail handed it over.
We are watching the same script play out again in real time.