First big sale of the year: BlackRock splashes 1,134 BTC & 7,255 ETH just ahead of the bounce back.
BlackRock, the issuers of the most successful Bitcoin (BTC) exchange-traded fund (ETF) is carrying on their gradual BTC sales. This time, crypto’s big boys cashed out 1,134 Bitcoins to Binance, also depositing 7,255 Ether (ETH) tokens along the way. With many crypto market watchers suspecting a dump, the markets took a bright turn hours after the multi-million sell-off.
2026 Kicks Off Strong, But Bitcoin’s Still Range-Bound
The on-chain sleuths at LookOnChain said the Bitcoin (BTC) sales were worth $101.4 million at stamped transaction time, while Ether’s sales accounted for $22.1 million. Usually, BlackRock’s Bitcoin moves apply short-term sell pressure, but the routine operation didn’t reflect on the price this time as BTC’s bulls regained the steering wheel.
On the contrary, Bitcoin’s price restored the key $90K resistance level after a week’s hiatus. As of Friday evening, BTC’s price got rejected at the $90K resistance line again, which aligns with one of the three 2026 scenarios for the apex crypto asset. Crypto Quant’s analysts point to a range-bound structure between $90K to $120K, likely to take over for the bigger part of the year.
Dig into DailyCoin’s top crypto news today:
PEPE Jumps High: Traders Pile In, Price Plays Surge 457%
$2.2B Bitcoin, Ethereum Options Expire Amid Holiday Calm
