The Bitcoin market is heating up. Investment giant BlackRock and Cathie Wood’s Ark Invest have sold more than 1,000 BTC combined, just as seasoned traders warn that the world’s largest cryptocurrency may tumble below $100,000.
🔹 BlackRock and Ark Invest Sell, But Stay in the Game
BlackRock sold 490 BTC worth about $68.7 million, along with Ethereum holdings valued at $87.2 million. Despite this sell-off, the company still holds a massive 749,500 BTC, underscoring its long-term commitment to the crypto market. Ironically, the sales came just as BlackRock’s spot Bitcoin ETF IBIT hit a new milestone, managing over $91 billion in assets.
Cathie Wood took a similar step. Her Ark 21Shares Bitcoin ETF offloaded 559 BTC worth roughly $64.4 million. These moves align with the broader trend of ETF outflows in August, though analysts are divided on whether this is simple profit-taking or an early warning of a bearish turn.
🔹 Wood Still Sees Bitcoin at $1.5 Million
Despite the recent selling, Wood remains bullish. Earlier this year, she predicted that Bitcoin could climb to at least $1.5 million in the coming years. She believes that increasing adoption of Bitcoin by institutions and corporations will be the key driver of growth, gradually reducing volatility and cementing its role as a long-term investment vehicle.
🔹 Traders Expect a Drop Below $100K
On the other side of the spectrum, veteran trader Dr. Profit says he is “more than certain” Bitcoin will fall below $100,000 in September, before bouncing back to new highs. An analyst from Bull Theory echoed this view, projecting a dip toward the $98,000 support zone, followed by a potential surge to $160,000–$200,000 within six months if bulls manage to hold critical levels.
🔹 While Some Sell, Others Are Aggressively Buying
Other firms are seizing the opportunity to buy the dip. Strategy added 430 BTC worth $51.4 million, while Japanese company Metaplanet acquired 775 BTC, boosting its total holdings to 18,888 BTC. With its aggressive accumulation strategy, Metaplanet is strengthening its resilience against market volatility.
📊 What’s Next?
The market is split. While BlackRock and Ark Invest are cashing in profits, other investors are doubling down on accumulation. Bitcoin’s short-term trajectory now hinges on whether it can hold the $109,000–$112,000 range and restore liquidity across exchanges.
👉 Do you think Dr. Profit is right and Bitcoin will crash below $100K, or are we on the verge of another bull run?
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