๐จ Latest: BlackRock sells 8,172 Ethereum worth $18.4 million!
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๐ฐ Deal details:
โ BlackRock sold 8,172 ETH
โ For a total value estimated at $18.4 million
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๐ Notable timing:
โ The deal came amid fluctuations in the cryptocurrency market
โ And coincided with selling pressures from other institutions
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๐ Is this a negative indicator?
โ Not necessarily, it could be:
โพ A rebalancing of an investment portfolio
โพ Or a temporary step to take profits
โ BlackRock remains one of the largest institutional supporters of Bitcoin and cryptocurrencies
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๐ Market watchers are wondering:
โ Is this a signal of an upcoming decline?
โ Or just a passing correction in an upward trend?
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โDo you see this step as an indicator of institutional exit? Or a buying opportunity?
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