Fidelity Sells Over 1,600 BTC – Market Reacts to $170M Move 🏦📉

Fidelity, one of the world’s largest asset managers, has reportedly sold 1,630 Bitcoin, totaling $170.2 million, triggering discussions about institutional sentiment in the current market phase.

📊 What It Means:

The sale comes amid sideways price action, raising speculation about institutional profit-taking.

Some analysts view this as a short-term bearish signal, possibly indicating reduced confidence in immediate upside.

Others suggest it’s just portfolio balancing, with no major long-term impact.

🪙 Market Impact:

Bitcoin saw minor volatility post-sale, dropping slightly below key resistance.

Traders also watched altcoins like RNDR, INJ, and OP, which held steady despite Bitcoin’s movement, hinting at a potential alt season decoupling.

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