Thread by @olvelez007

🧵 So, it's time for me to join the conspiracy parade. I hope you don't mind.

China bans #Bitcoin  mining on May 2021 (red arrow). BTC gets cut by more than half as a result, falling from $64k in May to $29k by July 2021. Remember this date.
reuters.com/world/china/ch…

July 2021, Black Rock's Larry Fink, steps up his media exposure to begin a #Bitcoin  smear campaign. Why this month? To take advantage of BTC's weakness and negative sentiment to try to crash it to the 200ma, which they know has always supported the price (blue arrow).

Note that the price of the 200ma at that time was $15k. We will circle back to this. So, how does Larry Fink try to crash #BTC  further? By claiming there is absolutely no institutional interest for #Bitcoin  whatsoever. He knew that theme was the BTC price driver. See below.

Now, once again, note that the date of this article perfectly coincides with the blue arrow on the chart at $29k. coindesk.com/podcasts/the-b…

3) Clearly, this strategy failed to work, as $29k at that moment in time was #Bitcoin 's low. BTC would go on to produce all-time new highs in October of 2021. What's more, the network's hashrate would recover like a champ. See big dip and recovery just before 2022.

4) This I believe further impressed Black Rock and convinced them of BTC's inevitabiliy and indestructability, but also disappointed them that they were unable to influence BTC to fall back to the most value-based price area, the almighty 200ma. White arrow = Oct ' 21 new high.

5) Now, this is where things get really interesting. Black Rock had to do something. This thing (#btc ) was running away from them. So what do they do? They pull their SEC (Securities & Exchange Commission) card. After all, they advise the SEC in all matters financial.

6) In October 2021, exactly when #Bitcoin  is sitting at all-time new highs, the SEC approves the very first #BTC Futures ETF. I believe this was at the behest of Black Rock. A futures vehicle is somewhat effective at influencing the underlying asset. https://t.co/bwHlJ0l9qAbis.org/publ/qtrpdf/r_…

7) This seems to do the trick. Record amounts of money to buy pour into this new futures ETF (BITO). You need big money in first before the maneuvering can start. $1 billion poured in inside of two days. Now the work begins. #Bitcoin begins its descent with a hawkish fed to help.

Fast forward to June 2022. #Bitcoin  has crashed, mercilessly, thanks to rising interests which exposed all those in the industry swimming naked: 3AC, Celsius, Luna, UST, BlockFi, Voyager. Whew! My fingers are tired. But why is June so important? SEC approves BTC short ETF. 🤯

At all-time highs, the SEC approves a long futures ETF (BITO) that sucks billions into it right at the tippy top, sucker punching a big part of the world. Then, to add insult to injury, they approve the first short futures ETF (BITI) after #BTC  collapses. See Green arrow.

You can't write this. No one would believe it or take it seriously. This was announced right at the green arrow on the above chart. This would encourage millions to short BTC after a crash, at the lows, during a period of extreme negative sentiment.
theverge.com/2022/6/20/2317…

Now forward to July/August of 2022. Why? Isn't it obvious? #Bitcoin   has stabilized at the value zone. This is what they wanted in the first place, the 200ma. So on 8/21, they launched a private spot #Bitcoin  trust for their insiders 👇🏾. "Now" they are bullish on #BTC

This trust is launched for the wealthiest in the world right at #Bitcoin   's 200ma. See yellow arrow in the following section. .cnbc.com/2022/08/11/bla…

Yellow arrow = Black Rock's launch of its private spot #Bitcoin  trust. Black Rock has plans to launch a spot BTC ETF to the world, but not before they and their wealthy friends get in "privatly" first. They would use this vehicle to begin their quiet but massive accumulation.

Now, I was an institution trader for years. I know how to accumulate and know how to spot their accumulation. It's always on the way down. Up is ok, but the big accumulation occurs on the way down. So how, from Aug '22, at a BTC price of $21k, do they get #BTC down? 🤔

The media: 1) #BTC  energy fud; 2) BTC miner bankruptcy fud; 3) Micro Strategy liquidation fud; 4) Mt. GOX fud; 5) GBTC liquidation fud; 5) NYS mining ban fud; 6) President mining tax fud; 7) Texas miners hurting the grid fud; 8) E. Warren running on a ban cryto campaign fud.🤦🏾‍♂️

There is nothing else under the sun that could have been hurled at #Bitcoin to incite the hardcore hodlers to give up and dump, nothing else except: That's right. You guessed it. FTX and corrupt Sam Bankman Fried was one of the last straws to be drawn in this grand scheme.

Rug pulling FTXand exposing SBF for what he was being manipulated for was the big one, the ace in the deck, as it were. And it worked. But only for one week. See orange arrow. "What????" I can imagine the Black Rock private trust traders shouting. "WTF? That's it? When BTC 10k?"

Black Rock did get their original wish, the $15k price area. Remember the position of the 200ma in 2021? But that would be it. The hard stacking plebs that don't give a f*ck became the only players left. Everyone else was gone, beaten, destoyed. The plebs just kept buying, DCA!

Have the games continued? Of course they have. As #Bitcoin  continues to prove resilient by rocketing over nearly 100% from the 2022 lows, it was considered a bit too fast. So, I believe two more major hits were planned. If you stay up to date you know what these are:

1) GBTC #Bitcoin Trust attack: As.the biggest holder of #btc in the world, how do you not try to get them to fold?! After all, their hands are far from clean in all this mess. Some might even say they are major contributors to it. But this is not going so well for the SEC.

2) Major Exchanges Attack: Hitting Coinbase and Binance was inevitable. These guys were basically running casinos, serving as exit iquidity for the wealthy VCs, wash trading to cause their sh*tcoins to rise, creating banking products outside of regulations, etc., etc.

There was no way this was not going to eventually be attacked. So BOOM! SEC lawsuits and Wells Notices were handed out like free cars during an Oprah show!

But this still did not have a huge negative impact on the price. Some dip occurred from just under $31k to the $25k area, but just like the FTX drop, I'm sure Black Rock was like, "WTF!!!!!!!!?????" See blue arrow.

To be continued on an upcoming Twitter Spaces. Stay tuned!