It looks like BlackRock is selling Bitcoin again 📉.
Last week, BlackRock sold $450 million worth of BTC, marking its highest single-day outflow.
Today, BlackRock transferred 4,100 BTC (worth around $430 million) to Coinbase.
Interestingly, this transfer happened just a few hours ago, and BTC prices dropped almost immediately afterward.
Hopefully, BlackRock buys some back soon; otherwise, the selling pressure could keep pushing prices lower.