💥 BREAKING: BlackRock $56.9M BTC “Sell” — Panic or Misread?
Headlines say BlackRock sold $56.9M worth of Bitcoin, triggering
#CryptoMarketPullback fears. But the reality is more nuanced.
🔍 What’s REALLY happening?
This is ETF flow-driven selling, not BlackRock abandoning Bitcoin.
When investors redeem ETF shares, the fund must sell BTC to settle — it’s client-driven, not a strategic dump.
📉 Why price reacts anyway
ETF redemptions = real BTC hitting the market
Short-term supply shock → volatility
Retail often overreacts to “institutional sell” headlines
🧠 Bigger picture
✅ BlackRock still ho