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ZenTrader2000
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It's not good, people are taking profits. It will go down before it goes up again.
Crypto-zero
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šØ BLACKROCK SELLS $220M WORTH OF $BTC šØ
Before anyone panics, letās clear the FUD š
This doesnāt mean Larry Fink or āBlackRock itselfā is dumping Bitcoin. Whatās actually happening is:
ā»ļøBlackRock runs the IBIT Spot Bitcoin ETF.
ā»ļøWhen investors redeem their ETF shares, BlackRock must sell the equivalent BTC to match those outflows.
ā»ļøIf tomorrow investors buy back in, BlackRock will buy $BTC again for the fund.
So itās not BlackRock betting against Bitcoin ā itās just ETF mechanics + client flows.
š Always important to understand the difference before calling it a ādump.ā
ā ļø So donāt depend on this as an indicator for market direction.šš
#BTC #bitcoin
#blackRock
#Whale.Alert
#CryptoNews
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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