BlackRock's BTC outflow — a signal or just noise?
Massive BTC outflow from BlackRock's ETF and deep losses for IBIT holders have me questioning near-term sentiment.
Big money moving out of BTC?
I noticed BlackRock just saw its biggest single-day BTC outflow ever — over 7,400 BTC moved to Coinbase Prime. That's on top of $1.3B in weekly redemptions from the IBIT ETF last week. 🤔 Makes you wonder if institutions are reducing exposure or just shifting custody.
What really catches my eye is that the average IBIT investor is now down about 40%. That's a lot of pain for a product that was supposed to be a safe on-ramp. Could we see more selling as holders try to cut losses, or is this the kind of shakeout that sets up a rebound? Curious what everyone thinks.

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