Breaking: BlackRock clients sell off large amounts! Over $430 million in BTC and ETH sold in a single day 🚨

Latest data shows that clients of asset management giant BlackRock are massively reducing their cryptocurrency holdings. They sold approximately $211 million worth of Bitcoin (BTC) and $221 million worth of Ethereum (ETH) in a single day, totaling over $430 million. This is typically a move by institutional clients for quarterly portfolio rebalancing or risk management.

Despite the massive sell-off, considering BlackRock's own large asset management scale for the spot Bitcoin ETF (IBIT), this outflow is relatively manageable. The market should pay more attention to whether this indicates a cautious attitude from large institutions towards short-term market trends, or if it is merely routine reallocation.

💡 Key Insight: Short-term profit-taking or reallocation by whales does not equate to a long-term bearish outlook. For traders, this increases short-term selling pressure in the market, which may lead to volatility and price correction opportunities. It is more important to focus on subsequent capital flows and overall net inflow data for ETFs.

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