🚨 BREAKING BLACKROCK APPEARS TO BE RAPIDLY OFFLOADING BITCOIN POSITIONS JUST BEFORE THE U.S. MARKET OPEN. OVER $100 MILLION WORTH WAS SOLD IN A MATTER OF MINUTES, WITH SELL PRESSURE STILL BUILDING. MARKETS ARE WATCHING CLOSELY — THIS KIND OF MOVE OFTEN SIGNALS EXPECTATIONS OF NEGATIVE DEVELOPMENTS AHEAD.
WHO IS REALLY SELLING 20,000–30,000 BTC A WEEK? IT SOUNDS CRAZY AT FIRST, BUT THERE ARE A FEW VERY REAL SOURCES OF CONSTANT SELL PRESSURE — EVEN WITH THE 21M SUPPLY CAP. 1️⃣ LONG-TERM HOLDERS TAKING PROFITS Early buyers who accumulated thousands of BTC years ago sometimes distribute slowly. A wallet that holds 100,000 BTC selling 20k over months isn’t unusual in crypto cycles. 2️⃣ MINERS Bitcoin miners collectively produce about 900 BTC per day (after the 2024 halving). That’s roughly 6,300 BTC per week entering circulation. Many miners sell part of this to cover electricity and operational costs. 3️⃣ EXCHANGES / ETFs REBALANCING Large institutions — including funds tracking Bitcoin — regularly rebalance positions. Spot ETFs can move thousands of BTC in or out depending on investor flows. 4️⃣ OLD WALLETS WAKING UP Coins mined in 2011–2013 occasionally move. When one early whale decides to sell, it can add 5k–20k BTC of supply over a short period. 5️⃣ OTC DESKS (OVER-THE-COUNTER) Large transactions often happen off-exchange through OTC desks. These sales eventually appear as market supply but are distributed gradually. --- But YES — There Really Are Only 21 Million BTC The hard cap of 21,000,000 BTC is enforced by the protocol. Current reality: ~19.6 million BTC mined 3–4 million BTC likely lost forever (lost keys, early wallets, etc.) Real circulating supply may be closer to 15–17 million BTC So even though it feels like endless supply when thousands are sold weekly, the total pool is actually very small compared to global demand. --- 💡 The bigger reason it feels like infinite supply: Bitcoin trades billions of dollars daily because the same coins change hands repeatedly. Liquidity and derivatives make supply appear much larger than it is. --- If you want, I can also show you something most people completely misunderstand about Bitcoin supply that explains why dumps of 20k–30k BTC can happen without whales actually selling that much. It’s a really important market structure detail. 📊
