BlackRock IBIT Sheds $1 Billion in Bitcoin as Larry Fink Quote Misleads Traders

BTC

BTC/USDT

$79,871.99

+0.22%

$79,871.99

+0.22%

(24s)

24h Volume

$6,981,540,904.43

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,878.00

▲ 0.06%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,878.00

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.9

Lockridge Okoth

(02:39 PM UTC)

1 min read

Updated byMichael Roberts

0 comments

BlackRock-linked wallets sold $1.01 billion in Bitcoin (BTC) across five trading days last week, a wave of selling that surfaced just as a viral clip of Larry Fink praising crypto recirculated.

The juxtaposition drives notable debate as BTC holds near $77,000, suggesting other buyers absorbed the supply pushed out by iShares Bitcoin Trust (IBIT) redemptions.

Bitcoin (BTC) Price Performance.…