Did BlackRock “sell too soon” on $140 million worth of Bitcoin?
Last night, WhaleInsider posted “BlackRock sells $143.53 million $BTC ,” and it instantly flooded social media. Many people panicked at first glance, thinking the world’s largest asset manager was liquidating its holdings.
That’s not what happened. The money was net outflows from IBIT, its Bitcoin ETF, as holders redeemed shares—not BlackRock selling off its own holdings. Spot Bitcoin ETFs across the market saw a combined outflow of $185.4 million that day, with $143.5 million from IBIT and $41.9 million from Fidelity’s FBTC; other products saw virtually no inflows or outflows. This marks the seventh consecutive trading day of net outflows, with the total exceeding $2 billion over the past two weeks.
Bitcoin prices have also come under pressure. The price plunged more than 4% on November 13 and continued to slide on the 14th, hitting a low near $66,500. It is currently fluctuating around $67,000. Compared with the late-October peak of $84,000, it has fallen more than 20% in just three weeks. Market sentiment has clearly cooled, with retail investors and some institutions reducing their exposure to avoid risk.
But don’t be alarmed by the headline. IBIT still holds around 780,000 bitcoins, with assets totaling more than $54 billion, making it the largest spot ETF in the market. The single-day outflow is not particularly large relative to its total holdings; it looks more like ordinary redemption pressure than a panic-driven liquidation.
Consecutive outflows and a price breakdown are certainly bearish in the short term. But if inflows resume or the price stabilizes around $65,000–$66,000, this could instead become the next opportunity to buy the dip. The key thing to watch now isn’t whether “BlackRock sold,” but whether the outflows start to narrow.
#加密美股齐跌，下轮反弹的驱动力在哪？
#美国PPI年率6.5%，低于预期或缓解BTC压力
Last night, WhaleInsider posted “BlackRock sells $143.53 million $BTC ,” and it instantly flooded social media. Many people panicked at first glance, thinking the world’s largest asset manager was liquidating its holdings.
That’s not what happened. The money was net outflows from IBIT, its Bitcoin ETF, as holders redeemed shares—not BlackRock selling off its own holdings. Spot Bitcoin ETFs across the market saw a combined outflow of $185.4 million that day, with $143.5 million from IBIT and $41.9 million from Fidelity’s FBTC; other products saw virtually no inflows or outflows. This marks the seventh consecutive trading day of net outflows, with the total exceeding $2 billion over the past two weeks.
Bitcoin prices have also come under pressure. The price plunged more than 4% on November 13 and continued to slide on the 14th, hitting a low near $66,500. It is currently fluctuating around $67,000. Compared with the late-October peak of $84,000, it has fallen more than 20% in just three weeks. Market sentiment has clearly cooled, with retail investors and some institutions reducing their exposure to avoid risk.
But don’t be alarmed by the headline. IBIT still holds around 780,000 bitcoins, with assets totaling more than $54 billion, making it the largest spot ETF in the market. The single-day outflow is not particularly large relative to its total holdings; it looks more like ordinary redemption pressure than a panic-driven liquidation.
Consecutive outflows and a price breakdown are certainly bearish in the short term. But if inflows resume or the price stabilizes around $65,000–$66,000, this could instead become the next opportunity to buy the dip. The key thing to watch now isn’t whether “BlackRock sold,” but whether the outflows start to narrow.
#加密美股齐跌，下轮反弹的驱动力在哪？
#美国PPI年率6.5%，低于预期或缓解BTC压力
