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.
