๐จ Breaking Down the "BlackRock Dump" FUD
You might be seeing headlines about BlackRock "aggressively offloading" crypto. Here's what's actually happening based on on-chain data:
๐ Since Feb. 24: BlackRock has added a NET +17,642 BTC (~$1.28B) to its holdings .
๐ March 3: IBIT saw a massive +$322M inflow .
๐ March 6: IBIT saw an -$88.7M outflow .
Recent ~$150M in deposits to Coinbase are routine for ETF liquidity and custody .
Verdict: This isn't a "dump." It's normal institutional rebalancing and profit-taking after a huge run-up. Flows are a two-way street.
Panic or perspective? ๐