Pressure on the crypto market from institutional sellers


According to available data, a major block seller sold Bitcoin Trust ETF iShares from BlackRock (known as IBIT) shares worth $1.3 billion through a dark pool trading platform — this coincided with the last sharp decline in Bitcoin.

Spot Bitcoin ETFs also show a steady outflow of funds in recent sessions: investors are cautious after several weeks of volatile trading and rising geopolitical risks.
The weakness of cryptocurrencies contrasts with the dynamics of the broader stock market. The technology-heavy Nasdaq and S&P 500 indices closed the day before at record highs: investors are betting on sustained demand in the artificial intelligence sector.

Shares of Asian tech companies also rose on optimism around the AI sector.
$BTC $GT
BTC-1.51%
IBIT-1.3%
GT-1.92%
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