Currencies35748
Market Cap$ 3.57T-2.50%
24h Spot Volume$ 128.50B-3.01%
DominanceBTC56.74%+0.19%ETH11.10%-3.63%
ETH Gas0.35 Gwei
Cryptorank

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


by Anisha Pandey
for CoinEdition
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.

Read The Full Article Bitcoin Price Analysis: $86M Whale Buy Meets $2.75B Blackrock Sell-off Today On Coin Edition.

Read the article at CoinEdition

Read More

BTC Price Battles to Stay Above $100K While Exchange Inflows Jump

BTC Price Battles to Stay Above $100K While Exchange Inflows Jump

Bitcoin extended its slide this week and traded near $101,550 on Nov. 5, keeping trad...
Shocking Bitcoin Price Drop: What $100,000 Means for Investors

Shocking Bitcoin Price Drop: What $100,000 Means for Investors

BitcoinWorld Shocking Bitcoin Price Drop: What $100,000 Means for Investors The crypt...

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


by Anisha Pandey
for CoinEdition
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.

Read The Full Article Bitcoin Price Analysis: $86M Whale Buy Meets $2.75B Blackrock Sell-off Today On Coin Edition.

Read the article at CoinEdition

Read More

BTC Price Battles to Stay Above $100K While Exchange Inflows Jump

BTC Price Battles to Stay Above $100K While Exchange Inflows Jump

Bitcoin extended its slide this week and traded near $101,550 on Nov. 5, keeping trad...
Shocking Bitcoin Price Drop: What $100,000 Means for Investors

Shocking Bitcoin Price Drop: What $100,000 Means for Investors

BitcoinWorld Shocking Bitcoin Price Drop: What $100,000 Means for Investors The crypt...