The post BlackRock Moves $213 Million Bitcoin at the Worst Possible Time appeared on BitcoinEthereumNews.com. 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. Sponsored 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. Historically, large transfers from major fund managers to exchanges tend to precede either strategic rebalancing or profit-taking, both of which can weigh on near-term price sentiment. “Last time they did this, the market dipped soon after. Now with Bitcoin sitting near $104K… is sub-$100K next?” Kyle Doops posed on X. Sponsored Adding to market anxiety, Daan Crypto Trades noted persistent outflows from Bitcoin and Ethereum spot ETFs over the past four trading sessions. “BTC & ETH have seen large ETF outflows the past 4 trading days. This is compounding on the already high selling amounts of OG whales the past few weeks,” Daan wrote. He cautioned that while ETF outflows are often lagging indicators, they can signal shifts in sentiment, pointing out a recurring cycle pattern. “…we’ve often seen large outflows near a bottom and inflows near a top… Big outflows plus price refusing to move lower could indicate a local bottom, while big inflows plus price refusing to move higher could indicate a top,” the analyst added. Against this backdrop, he suggests that Bitcoin’s failure to break sharply lower despite heavy ETF redemptions could imply underlying bid support around the $100,000 region, potentially setting up for a short-term rebound if… The post BlackRock Moves $213 Million Bitcoin at the Worst Possible Time appeared on BitcoinEthereumNews.com. 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. Sponsored 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. Historically, large transfers from major fund managers to exchanges tend to precede either strategic rebalancing or profit-taking, both of which can weigh on near-term price sentiment. “Last time they did this, the market dipped soon after. Now with Bitcoin sitting near $104K… is sub-$100K next?” Kyle Doops posed on X. Sponsored Adding to market anxiety, Daan Crypto Trades noted persistent outflows from Bitcoin and Ethereum spot ETFs over the past four trading sessions. “BTC & ETH have seen large ETF outflows the past 4 trading days. This is compounding on the already high selling amounts of OG whales the past few weeks,” Daan wrote. He cautioned that while ETF outflows are often lagging indicators, they can signal shifts in sentiment, pointing out a recurring cycle pattern. “…we’ve often seen large outflows near a bottom and inflows near a top… Big outflows plus price refusing to move lower could indicate a local bottom, while big inflows plus price refusing to move higher could indicate a top,” the analyst added. Against this backdrop, he suggests that Bitcoin’s failure to break sharply lower despite heavy ETF redemptions could imply underlying bid support around the $100,000 region, potentially setting up for a short-term rebound if…