BlackRock Dumps $700M in BTC Overnight

In an unexpected move, BlackRock reportedly liquidated $700 million worth of Bitcoin $BTC in a single night, triggering a 9% crash. Analysts believe the sell-off was prompted by leaked internal memos revealing fears of incoming crypto regulations from the U.S. SEC. The massive dump spooked investors, leading to sharp declines across the market—Ethereum (ETH) dropped 6%, and Solana (SOL) plunged 12%. Bitcoin dominance fell to 48%, its lowest in months. While BlackRock has not officially confirmed the transaction, on-chain data from Whale Alert supports the claims. The crypto community is speculating whether this is a short-term market manipulation or the start of a larger institutional exit. The incident raises concerns about the stability of Bitcoin ETFs and centralized institutional power in decentralized markets. Traders are watching Tether (USDT) and Binance Coin (BNB) for safe haven moves. Is this the start of a new bear cycle?