Social media is buzzing with claims that BlackRock sold over $250M in BTC and ETH ahead of a supposed Fed emergency announcement.
🔍 What actually happened: On-chain data shows large BlackRock-linked wallets moved BTC and ETH to Coinbase Prime. These transfers are real and publicly visible.
❗ But important:
✨Moving funds to an exchange ≠ selling.
✨Institutions often do this for:
✨ETF creations/redemptions
✨Rebalancing
✨Liquidity management
There is no confirmed evidence that BlackRock executed a massive market dump.
🏦 About the Fed:
As of now, there is no verified “emergency announcement” from the Federal Reserve reported by major news outlets.
📉 Why markets reacted:
Crypto is already sensitive to macro uncertainty. Large wallet movements + weak sentiment = panic narratives.
Bottom line:
This looks more like on-chain repositioning, not a coordinated institutional exit. Always separate wallet transfers from actual sell pressure.$BTC 
