BlackRock has moved a large amount of Bitcoin to the Coinbase exchange, raising concerns about a potential sell-off. This comes as Bitcoin’s price continues to have difficulty sustaining a break above $90,000.
Data from Arkham shows that BlackRock deposited 2,201 BTC (worth $192.13 million) into Coinbase, increasing the risk of a further price decline due to added selling pressure. This followed an outflow from BlackRock’s Bitcoin ETF on December 26, with Bitcoin funds as a whole seeing a net outflow of $275.88 million.
These Bitcoin ETFs are now on a seven-day streak of outflows, which also led BlackRock to deposit 6,174.39 BTC last week, likely to sell these coins and redeem shares of its fund. Bitcoin’s price has struggled to climb above $90,000 amid these persistent outflows.
Bitcoin did briefly break above $90,000 on December 28, but it quickly lost those gains the next day as BlackRock moved coins to Coinbase. Crypto commentator Martini claimed that BlackRock was not alone in putting selling pressure on Bitcoin, alleging that Binance, Wintermute, Coinbase, and Fidelity also sold significant amounts, collectively dumping $3.5 billion worth of BTC in a single day.
Another commentator, Bull Theory, suggested there was weekend price manipulation, noting that Bitcoin surged $3,000 to break $90,000 on Sunday, liquidating $103 million in short positions. Then, on Monday morning, it dropped $2,700, liquidating $40 million in long positions and erasing all of Sunday’s gains. With this price action, Bitcoin is on track for a negative yearly close, currently down more than 6% year-to-date.
BTC Could Soon Find a Bottom Against Other Assets
In a social media post, analyst Kevin Capital stated that most data is becoming more favorable for Bitcoin, suggesting it could bottom out against equity markets and gold in the coming weeks and then outperform them. He emphasized this view was based on factual data, not emotion.
Bitcoin had outperformed these major assets earlier in the year but has fallen behind since the market decline in early October. Gold is up 66% year-to-date, while the S&P 500 is up 17%. Another analyst, Ted Pillows, predicted a potential rally for BTC, noting that long-term holders have stopped selling for the first time since July 2025.
At the time of writing, Bitcoin is trading around $87,300, down over 3% in the last 24 hours.
Frequently Asked Questions
Of course Here is a list of FAQs about the topic Will Bitcoins Price Crash Today BlackRocks BTC Activity Shakes the Market designed to be clear concise and in a natural tone
Beginner General Questions
1 Why is everyone talking about BlackRock and Bitcoin right now
BlackRock the worlds largest asset manager has launched a spot Bitcoin ETF This allows regular investors to buy Bitcoin through their normal stock brokerage account making it much easier and more mainstream Their massive buying and selling activity can significantly move the market
2 What does spot Bitcoin ETF mean
Its a fund that tracks the live price of Bitcoin When you buy a share of the ETF the fund company buys actual Bitcoin to hold Its like buying a stock that represents Bitcoin ownership without having to manage a crypto wallet yourself
3 Can BlackRocks actions really cause a Bitcoin crash
Potentially yes If BlackRock or other large institutions sell a huge amount of Bitcoin ETF shares it creates significant selling pressure This can trigger fear and more selling from other investors potentially leading to a sharp price drop
4 Should I sell my Bitcoin because of this news
This is a personal financial decision Market volatility from institutional activity is normal Instead of reacting to daily headlines consider your longterm investment goals risk tolerance and never invest more than you can afford to lose
5 How can I track BlackRocks Bitcoin activity
You cant see their exact holdings in realtime but their ETFs daily flows are publicly reported by financial data sites like Bloomberg or Farside Investors Large net inflows or outflows are big market signals
Intermediate Market Impact Questions
6 How does BlackRock buying Bitcoin actually shake the market
Before ETFs most Bitcoin buying was by individuals and crypto funds BlackRock brings in billions from pension funds endowments and 401s This huge new source of demand overwhelms the normal daily trading volume causing larger price swings
7 Is the current price drop just because of BlackRock selling
Not necessarily While ETF flow data is a major factor Bitcoins price is