Arkham sends crypto traders into panic mode with post claiming BlackRock is selling Bitcoin, reigniting focus on institutional wallet tracking
𝕏/@arkham •
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Promote with Leviathan News$317M of IBIT client redemptions against Arkham’s $64.3B BlackRock BTC entity is ETF plumbing, not Larry Fink rage-selling spot into the book. Public Coinbase Prime/IBIT labels now feed straight into CT’s perp-volatility loop: an AP redemption hits Arkham, traders read it as a whale dump, Binance/Bybit leverage starts chasing the label. May 13’s ~$630M ETF outflow flipped to +$131M the next session with IBIT +$144M, so treating every custody movement as directional sell pressure is how you get chopped.
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More coverage
- Bitcoin Has 'No Future,' Slams Peter Schiff, BlackRock Sells $500M (ccn.com)
- BlackRock Sold $1 Billion in Bitcoin Last Week, Arkham Data Shows (cryptorank.io)
- Blackrock Reportedly Selling Bitcoin, Says Arkham | Phemex News (phemex.com)
- BlackRock's Bitcoin Sell-Off Triggers Sharp Market Drop to $79K (binance.com)
- BlackRock - Arkham (arkm.com)
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