$BTC BlackRock heavily sold off BTC & ETH – Are whales leaving the game? 🐳🚨
BlackRock continues to reduce its crypto positions: in just 3 days, they sold 12,097 BTC (~$1.11 billion) and 172,049 ETH (~$533 million).
Graph data shows that the amount of ETH held by BlackRock has surged significantly since the beginning of the year, but is now starting to decline markedly as the price of ETH slips from the peak of over $4,000 down to around $3,000.
The large-scale sell-off during the market correction raises concerns about further selling pressure – especially as this is one of the organizations holding crypto.
BlackRock continues to reduce its crypto positions: in just 3 days, they sold 12,097 BTC (~$1.11 billion) and 172,049 ETH (~$533 million).
Graph data shows that the amount of ETH held by BlackRock has surged significantly since the beginning of the year, but is now starting to decline markedly as the price of ETH slips from the peak of over $4,000 down to around $3,000.
The large-scale sell-off during the market correction raises concerns about further selling pressure – especially as this is one of the organizations holding crypto.