🚨 Latest:
BlackRock has sold $135.4 million worth of Bitcoin exchange-traded funds (ETFs) — the largest outflow this month. $ADA
This represents the largest sale of Bitcoin ETFs by BlackRock clients so far this month, indicating a wave of short-term profit-taking or risk reduction amid recent market moves. $PEPE
While outflows from ETFs can create temporary selling pressure, they do not necessarily indicate a broader shift in trend. In previous cycles, such spikes in ETF selling often occurred during consolidation phases, even as long-term institutional interest in Bitcoin remains intact. $LUNC
📊 Key takeaway: This appears to be more of a tactical re-centering than a loss of confidence, but it is certainly a level worth monitoring closely in the near term.
