🚨 BlackRock & Cathie Wood’s Ark Sell Bitcoin Amid Market Downturn

🐋 Recent whale moves are stirring debate in the crypto community:

📊 BlackRock

▫️ Sold 490 $BTC (~$68.7M) and $87.2M in $ETH .

▫️ Still holds a massive 749,500 BTC.

▫️ Its spot Bitcoin ETF (IBIT) just hit a record $91B AUM, showing strong investor demand.

📊 Cathie Wood’s Ark Invest

▫️ Sold 559 BTC (~$64.4M) via its Ark 21Shares Bitcoin ETF.

▫️ Part of a wider trend of red ETF flows in August.

🔑 The key question: Is this routine profit-taking or a signal of bearish momentum ahead?

📢 Despite the sales, Cathie Wood remains bullish long-term — projecting Bitcoin could reach $1.5M in the coming years as institutional adoption accelerates.

📊 With ETF flows, institutional moves, and shifting market sentiment, Bitcoin is once again at a pivotal point.

#Bitcoin #Crypto #Investing #BlackRock #CathieWood

https://coingape.com/cathie-woods-ark-and-blackrock-dump-bitcoin-as-veteran-trader-predicts-btc-price-crash/?utm_source=linekdin&utm_medium=coingape