BlackRock sold $548 million worth of Bitcoin, according to rektfencer.

This move by BlackRock is surprising, selling a large amount of BTC, but it may be a rebalancing, combined with its ETH ETF holdings exceeding 5% of supply, institutions are rotating.

On the other hand, BitMine bought 1.09 million ETH last week, worth $4.7 billion, with the treasury company hoarding aggressively.

Thoughts? New demand in the market continues, Glassnode says profit-taking has reached a year-to-date high, but panic is limited.

In the future, a bull market is expected until 2027, with BTC reaching $150,000. In the short term, selling pressure is testing the $115k support, don’t rush to sell, keep an eye on ETF outflow data.