Crypto:
36638
Bitcoin:
$91.426
% 2.05
BTC Dominance:
%58.7
% 0.02
Market Cap:
$3.13 T
% 1.20
Fear & Greed:
28 / 100
Bitcoin:
$ 91.426
BTC Dominance:
% 58.7
Market Cap:
$3.13 T

BTC Alert: Cathie Wood and BlackRock Sell Bitcoin!

bitcoin btc

Recent Bitcoin developments have highlighted major institutional moves. BlackRock and Ark Invest sold Bitcoin after an expert warned prices could drop below $100,000. Together, the two firms sold more than 1,000 BTC. BlackRock sold 490 BTC worth $68.7 million and $87.2 million in Ethereum amid market declines. Ark Invest sold 559 BTC through the Ark 21Shares Bitcoin ETF. These moves show how sensitive institutions are to short-term price changes. 

BlackRock and Ark Invest Bitcoin Sales 

BlackRock increased liquidity with its spot Bitcoin ETF, IBIT. Despite the sales, the firm still holds 749,500 BTC. In addition, it executed $87.2 million in Ethereum trades. Meanwhile, Ark Invest sold about $64.4 million in BTC via its Ark 21Shares Bitcoin ETF. These moves followed a general decline in August. However, both firms continue to maintain long-term positions, showing confidence in Bitcoin. 

Expert Dr. Profit’s Forecast and Market Reactions 

Expert investor Dr. Profit predicted Bitcoin would drop below $100,000 in September. He also noted prices would reach new highs in the following months. Despite the selling wave, some companies saw buying opportunities. Strategy bought 430 BTC for $51.4 million to expand its holdings. Japan-based Metaplanet purchased 775 BTC, increasing its total to 18,888 BTC. These acquisitions strengthen volatility resistance and allow firms to profit from price drops. 

Cathie Wood emphasized that growing institutional adoption could boost BTC price. Furthermore, this approach positions BTC as a long-term investment. BlackRock and Ark’s sales reflect short-term market volatility, yet institutional interest remains strong. Bitcoin’s ability to maintain the $109,000–$112,000 range will depend on liquidity in the exchanges. 

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