BlackRock is selling Bitcoin — and whales are buying it back through the same door.
IBIT just posted its 7th straight day of outflows: $213M on Monday, $1.66B since Oct 30 (Farside). US spot Bitcoin ETFs are now net negative for 2026 at -$1.1B — after ~$25B of inflows by early November in both 2024 and 2025.
But here is the twist: BlackRock says large holders converted a record ~$3.6B of BTC into IBIT shares, mainly for custody and security.
Two flows, one fund. Short-term holders redeem. Long-term whales move in.
BTC holds ~$73,700 after an overnight low near $72,691, with $723M liquidated in 24 hours.
Takeaway: watch the flows, not the fear.
Are you selling this dip, or quietly accumulating?
#BlackRockIbitOutflows #Bitcoin #ETF