🪐 Block’s Bitcoin hoard shines light on on‑chain confidence. The Dorsey‑founded firm just published its first proof‑of‑reserves, confirming 28,355 BTC (≈$2.2 bn) split between its treasury and customer balances, a rare glimpse into corporate crypto exposure. 🕸️ The sheer scale of the stash nudges the risk‑on narrative for BTC and, by extension, ETH, because institutional anchors tend to lift correlated assets when sentiment is positive. Yet that same concentration creates a single‑point vulnerability: any regulatory or reputational blow to Block could cascade through the broader market, dragging both Bitcoin and Ethereum lower. I’m leaning bullish on the upside, but only while macro risk appetite stays intact. 🗝️ Block’s transparency turns a hidden balance sheet into a market lever, making BTC’s trajectory increasingly tied to the fortunes of a single public company. ⚠️ Personal analysis only. DYOR. #Bitcoin #Ethereum #OnChainTransparency