BlackRock’s $213 Million Bitcoin Move Exacerbates Fears of Sub-$100,000 Drop

Bitcoin’s latest slide to $103,525 has reignited market jitters, revisiting price levels last seen in June and fueling fears of a deeper drop below $100,000. The move comes amid renewed selling pressure tied to institutional activity, most notably, BlackRock’s $213 million Bitcoin transfer to Coinbase. BlackRock’s Move Raises Eyebrows According to on-chain data, BlackRock moved 2,042 BTC (worth $213 million) and 22,681 ETH ($80 million) to Coinbase on Tuesday during the early hours of the US session. The timing of the transfer has drawn attention from traders watching institutional wallet movements for early signals of potential sell-side activity source: https://beincrypto.com/blackrock-bitcoin-etf-transfer-scandal/