Is Blackstone starting to sell off because it can’t withstand redemption pressure? It dumped $217 million—will the market shake again after that?

CoinWorld News: Under ongoing outflow pressure in the Bitcoin and Ethereum ETF markets, BlackRock has expanded its sales scale to $217 million. According to data from blockchain monitoring platform Lookonchain, on June 25 BlackRock deposited 3,410 BTC and 5,132 ETH into Coinbase Prime through multiple transfers, worth approximately $209.64 million and $8.43 million, respectively. These transfers totaled about seven transactions—nearly every transfer involved around 300 BTC, with only one transfer involving ETH. Market observers worry that BlackRock’s move may further intensify the current volatility in the crypto market. Although BlackRock has not explicitly stated the reasons for its continued large-scale selling of Bitcoin and Ethereum, the market is skeptical about the timing of its frequent deposits, believing this may suggest that BlackRock is selling off its holdings.