Bitcoin Price Analysis: $86M Whale Buy Meets $2.75B Blackrock Sell-off Today

• BlackRock’s IBIT wallets sold 24,000 BTC, valued at $2.75 billion, fueling a market dip
• The sell-off triggered $1.22 billion in long liquidations as Bitcoin fell to $104,000
• In response, a single whale bought $86M in BTC, as other public firms also accumulated

A major battle between institutional whales is defining Bitcoin’s price action today. The market first reacted to a massive sell-off from BlackRock’s IBIT Bitcoin Trust. On-chain trackers show IBIT sold over 24,000 BTC, worth $2.75 billion. This institutional selling pushed Bitcoin down to the $104,000 level.

In response, a single, mysterious whale purchased $86 million worth of Bitcoin. This move signals significant buy-side confidence, even as BlackRock was liquidating its position.

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