Bitcoin Price Prediction: BTC Slides as BlackRock Triggers $1 Billion Sell-Off
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- BlackRock’s $1B Bitcoin sale deepens bearish momentum below key $106K support.
- Rising open interest to $73B shows confidence but raises liquidation risks.
- Strong exchange outflows hint at long-term accumulation despite short-term weakness.
Bitcoin remains under intense selling pressure after failing to sustain key support levels near $106,000. The world’s largest cryptocurrency continues to trend lower as institutional movements intensify, with reports indicating that BlackRock sold about 9,000 BTC valued at roughly $1 billion earlier today. This significant sell-off has added to the bearish momentum that started after Bitcoin’s rejection from its $126,000 peak earlier this month.
— 0xNobler (@CryptoNobler) Octob…
BREAKING:
BLACKROCK JUST STARTED SELLING BITCOIN!
TODAY ALONE, THEY DUMPED 9,000 $BTC WORTH $1 BILLION.
WHAT’S GOING ON?? pic.twitter.com/qYnsbW8JGs
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Coins
$ 64.08K
0%
$ 0.00719
+1.01%
$ 0.00...361
$ 0.732
$ 0.000331
Predictions Markets
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In This News
Coins
$ 64.08K
0%$ 0.00719
+1.01%$ 0.00...361
$ 0.732
$ 0.000331
Predictions Markets
See what traders are focused on
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Bitcoin’s $64K rebound has three days before its next big challenge threatens to derail momentum
