Soaking up the turbulence after Japan’s bond shock, the apex crypto asset takes another hit with BlackRock’s sell-off.
BlackRock, the multi-national digital asset management behemoth encircling over $13.5 trillion in assets under management (AUM), just made a humongous Bitcoin (BTC) transfer to Coinbase Prime. With 2,155 Bitcoins (BTC) arriving on Coinbase’s institutional branch, BlackRock’s transaction planted a panic of seed among crypto aficionados.
BlackRock’s Coinbase Moves: Notorious For Dips?
According to previous insight, BlackRock moves assets in such large portions once in a blue moon, and the last time this happened – it preceded an all-round crypto & stock market dive. This time, this also seems to be the case – Bitcoin (BTC) just plunged below $84K amidst market’s dip below $3 trillion, according to CoinGecko’s crypto price aggregator.
Even though BlackRock’s Coinbase balance sheet needs constant re-balancing & liquidity division due to the asset manager’s hefty IBIT stash on the ETF markets, this move is likely a sell-off. Right now, most of the big-time crypto players, popularly referred to as crypto whales, are actively selling, evident in the Chaikin Money Flow (CMF) dwelling at -0.20.
Real Reason Why Bitcoin Bulls Got Beaten By Bears
This indicator, highly negative if whales are selling, has just posted the worst result since October 30, 2025. Back then, the move precluded Bitcoin’s (BTC) price dip sub-$100K, so market watchers like Max Crypto are ironically pointing out: “here we go again”. Indeed, Monday’s market dip resembled the October one, as excessively-leveraged longs got wiped out first.
Judging from the real-time data by CoinGlass, there’s beyond $872 million in long Bitcoin price liquidations in the latest 24-hour period. Now, BTC’s bulls are battling the bears at the $85K price range, which has proven to be a strong support level once in November, according to TradingView’s data.
With the total hitting $961 million, this paints a clear picture of bear dominance, outsourcing the Bitcoin (BTC) bulls 10 to 1 as miscellaneous geopolitical red signs put the markets on a rough path. Liquidations soared 784.77% in just 24 hours, hinting at a downturn that caught Perpetuals traders by surprise.
Check out DailyCoin’s hottest crypto news today:
Bitcoin Flash Crash, But Altcoins Show Signs of Macro Strength
PEPE’s Last Chance To Escape Bears? H&S Screams Mega Dip
