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BlackRock Sells 13,000 $BTC in Surprise Strategy Reversal

From fxdailyreport.com

The crypto market is experiencing a notable speculation wave after the reports of the Bitcoin ($BTC) selloff by the biggest asset manager, BlackRock. BlackRock is showing a drastic change to its strategy with the sale of a stunning $1.01 billion in Bitcoin ($BTC) over the week, roughly 13,000 BTC at this week’s average BTC price. As per the data from Arkham Intelligence, the consistent $BTC offloading by BlackRock signals a likely shift in the wider market dynamics. So, this multi-day sell-off streak has reportedly caught Bitcoin traders off guard. In other words, this could mean that BlackRock expects the BTC price ... (full story)

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  • Category: Fundamental Analysis