$344 Million in Minutes: BlackRock Dumps Bitcoin and Ethereum Again

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Ah, BlackRock! The asset management titan, known for its audacity and penchant for making crypto moves like a seasoned gambler at a high-stakes poker table. And today, once again, the firm has decided to shake up the crypto world by offloading yet another substantial chunk of Bitcoin and Ethereum. According to the wise sages at Lookonchain, it appears that BlackRock made yet another grand gesture-selling off a grand total of 2,822 BTC and 36,283 ETH into Coinbase Prime on Monday, November 24. The result? A whopping $344 million drained from the crypto ecosystem in mere minutes. Impressive, no?

The markets were already buzzing, with crypto enthusiasts asking: “Is this another of BlackRock’s notorious sell-offs, or is the firm onto something else?” It doesn’t matter, because in the blink of an eye, they had moved $243.59 million in BTC and $101.72 million in ETH. All in a day’s work, right?

BlackRock Ignores the Market’s Plea for Mercy

While the crypto market seemed to be giving signs of life-a gentle whisper of a rebound, if you will-BlackRock just shrugged and thought, “Meh, let’s keep selling.” The market had begun to show some positive movement after a swift correction, but BlackRock, ever the stubborn titan, wasn’t about to let a little thing like a recovery slow it down. Not on their watch.

Just last week, in case you were wondering, the firm offloaded over $2 billion in BTC and ETH during a market slump. And now, it’s back to its routine of steady liquidation. Is BlackRock turning crypto into a giant fire sale? Who knows, but at this rate, they might just become the biggest seller at the crypto flea market.

Analysts, in their collective wisdom, have begun to question whether this continued selling spree could actually derail the fragile recovery of the market. If you look closely, Bitcoin has only dipped a mere 0.57% in the last 24 hours, lingering around a cozy $86,237. Meanwhile, Ethereum is feeling a little more optimistic, edging up by 0.34% to a respectable $2,828. Are these signs of life? Maybe. But BlackRock certainly isn’t waiting around to find out.

As for the motives behind these incessant crypto deposits, well, BlackRock isn’t talking. But analysts, in their infinite speculative wisdom, suspect that the firm is just playing it safe-moving its heavy stacks of BTC and ETH off to safer ground in the face of prolonged volatility. A strategic retreat, if you will. But, in the end, it might just be another day at the office for the finance giant. And so the crypto saga continues…

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2025-11-24 21:28