🚨 BlackRock 🪨 Dumps 292M $BTC , 372M $ETH Amid Crypto ETF Outflows
So yeah… BlackRock just sent 2,544 BTC and 101,975 ETH to Coinbase, right after their ETFs saw huge outflows.
Most think it’s a preparation for a sell-off, but here’s the twist:
Word is, they (and maybe other big players) used leverage to stack more BTC/ETH. Then a small price dip (from unrelated news) triggered a chain reaction of liquidations. Boom 💥 wave after wave of selling. 🌊 🌊 🌊
The crazy part? This happened right when the chance of a Fed rate cut jumped to ~80% and hype about BTC to reach 200K USD was peaking. 🤔
Markets are wild like that , bullish macro, but leverage can still smack you.
What’s your take? Shakeout before the pump or the start of a bigger slide?
