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

BTC

BTC/USDT

$63,140.05

+0.13%

$63,140.05

+0.13%

(24s)

24h Volume

$2,811,795,723.51

24h H/L

$63,390.00 / $62,968.45

Change: $421.55 (0.67%)

Long/Short

68.7%

Long: 68.7%Short: 31.3%

Funding Rate

+0.0043%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,164.00

▲ 0.12%

Volume (24h): -

Resistance Levels

Resistance 3$66,088.35

Resistance 2$64,507.45

Resistance 1$63,398.11

Price$63,164.00

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.9

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.…