Bitcoin Price Shrugs off $1.3B BlackRock ETF Block Sale
Cointelegraph
Bitcoin maintained its price above $75,600 despite a massive $1.3 billion block sale of shares in BlackRock's IBIT ETF.Summary
A massive $1.3 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) was successfully absorbed by the market, with Bitcoin’s price remaining stable above $75,600. While analysts like Eric Balchunas noted the market's resilience, others suggest the sale may reflect institutional de-risking amid rising geopolitical tensions. Despite recent net outflows from US spot Bitcoin ETFs, steady demand from other entities continues to support the cryptocurrency's market liquidity.
(Source：Cointelegraph)