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International Business Times
International Business Times
Business
Isaiah McCall

BlackRock Just Dumped 1,000 Bitcoin Into the Worst Possible Weekend

Bitcoin BlackRock Larry Fink IBIT United States BTC ETF
NEW YORK, NEW YORK - AUGUST 08: The BlackRock company logo is seen outside of its NYC headquarters on August 08, 2024 in New York City. (Credit: Michael M. Santiago/Getty Images)

BlackRock, the single largest holder of Bitcoin on the planet through its IBIT ETF, offloaded more than 1,000 BTC in one Thursday session, dragging combined spot Bitcoin ETF net flows to roughly negative 1,410 BTC on the day.

The timing is brutal. Bitcoin is limping into the weekend parked on $60,000 support it has held without producing a meaningful bounce, and weekend liquidity is thin enough to turn any nudge into a shove.

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