BlackRock, a leading asset management firm with $10 trillion in assets, recently made a shocking move that raised investor concerns. Earlier today, on-chain analyst Lookonchain revealed that the financial giant sold a massive 3,296 Bitcoin, worth about $254 million, on Coinbase. This move has raised many concerns in the market, as people are worried about what this could mean for Bitcoin’s price. While BlackRock’s move might seem like a bearish signal, the sell-off move has an underlying reason. Why People Are Worried About BlackRock’s Bitcoin Sale In the crypto industry, when large amounts of Bitcoin or other digital currencies are moved to exchanges like Coinbase, it is often seen as a sign that the holder plans to sell. This makes market participants nervous. Even though this latest move might not necessarily mean that BlackRock is abandoning Bitcoin, the action still raised alarms. This is especially because BlackRock is such a big player in the financial world. BlackRock Bitcoin ETF and the Sale The reason behind this Bitcoin sale is linked to BlackRock’s IBIT, the world’s largest Bitcoin Exchange-Traded Fund (ETF). There have been massive outflows from IBIT recently , as investors are aggressively pulling capital out of the fund. Experts believe these massive withdrawals are likely causing the sale of Bitcoin, not because BlackRock is selling off its BTC holdings. Even though BlackRock still holds 572,074 BTC, worth about $44.89 billion, the outflows from IBIT might be driving the sale. Although IBIT does not directly hold Bitcoin, BlackRock’s actions still greatly influence the market. This shows how connected traditional finance is to the world of cryptocurrency. This sell-off can lead to crypto price changes and market uncertainty, especially in the United States, which is experiencing an economic crisis. Bitcoin Remains A Dominant Force Despite Volatility Bitcoin (BTC) began in 2025 at $94,443.52. As of today, it has fallen to $77,726.12, up by 0.11% in the last 24 hours, according to CoinMarketCap data. Despite the dip, Bitcoin continues to lead the market with a valuation above $1.54 trillion, securing its spot as the top cryptocurrency. This recent decline is largely tied to market uncertainty, including new U.S. tariffs introduced earlier in the year, which rattled investor sentiment. Despite the pullback, Bitcoin maintains its reputation as a store of value. Institutional interest has not faded. Many experts view this as a natural correction rather than a cause for concern. Given Bitcoin’s track record of bouncing back from similar declines, long-term holders remain confident. The post BlackRock Offload Bitcoin Worth $254M on Coinbase, Market Jitters appeared first on TheCoinrise.com .
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