Part 7/11:
Further fueling the optimism is the observation that Bitcoin reserves on exchanges are at record lows—with over $1 billion worth pulled from Coinbase yesterday. This suggests large institutional accumulation, potentially by players like BlackRock, may be orchestrating buy-side timing to limit supply before a major rally.
In this context, the speculation rises that BlackRock could be stacking Bitcoin quietly, preparing for an eventual move that could tighten liquidity and propel prices higher. Such accumulation would make liquid sell-side supply scarce—setting the stage for a supply squeeze once their plans come to fruition.
On-Chain Indicators Signal Strength
On-chain data reinforces the narrative of bullish momentum: