🚀 BLACKROCK SOLD OVER $600 MILLION OF ETH & BTC IN ONE DAY



🟢 On August 4th, BlackRock shocked the market when the spot Ethereum ETF (ETHA) recorded a record outflow since its launch: 101,975 ETH (~$375M) was withdrawn, ending a 21-day streak of continuous capital inflow.
🟢 Not only ETH, but Bitcoin spot ETFs in the US also lost $333M, with BlackRock's IBIT accounting for $292M.
→ In total, ETH ETFs lost $465M in just one day.
🟢 The price of ETH remains around $3,669, indicating that the market is quite "stubborn".
🟢Some experts believe this is a profit-taking point after ETH surpassed $4,000.
🟢Other numbers warn that this may be a risk-off signal from organizations.

➡️ Is this just a short-term correction or the beginning of a larger position restructuring? The market will answer soon.

———————————————
➡️ Update crypto market information at:
ETH5.79%
BTC2.02%
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