đš BlackRockâs $213M Bitcoin Transfer Sparks Sub-$100K Fears
Bitcoin slipped to $103.5K after BlackRock moved 2,042 BTC ($213M) and 22,681 ETH ($80M) to Coinbase triggering concern over potential institutional sell pressure.
ETF outflows for BTC & ETH have persisted for four sessions, fueling downside momentum. Yet, some analysts note that heavy outflows often occur near market bottoms, hinting at a potential rebound if $100K holds.
Eric Balchunas calls this phase âvaluation fatigueâ a cooling period as Bitcoin tracks broader market pullbacks.
Eyes on $100K â defend or descend.
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#Bitcoin #BlackRock #CryptoMarket #BTCUpdate #ETFs #HODLer
$BTC
$ETH
$XRP
Bitcoin slipped to $103.5K after BlackRock moved 2,042 BTC ($213M) and 22,681 ETH ($80M) to Coinbase triggering concern over potential institutional sell pressure.
ETF outflows for BTC & ETH have persisted for four sessions, fueling downside momentum. Yet, some analysts note that heavy outflows often occur near market bottoms, hinting at a potential rebound if $100K holds.
Eric Balchunas calls this phase âvaluation fatigueâ a cooling period as Bitcoin tracks broader market pullbacks.
Eyes on $100K â defend or descend.
đŹ Comment | đ Share | â€ïž Like | đ€ Follow
#Bitcoin #BlackRock #CryptoMarket #BTCUpdate #ETFs #HODLer
$BTC
$ETH
$XRP