BlackRock Sells $135M in Ethereum Despite 24‑Hour Market Rebound
BlackRock pushed ahead with an aggressive Ethereum sell-off, disposing of about $135 million in ETH even as prices recovered across the market in the last 24 hours. The disposition comes amid renewed buying by retail and algorithmic traders, but the firm’s sizable outflow stands out against the short-term rebound.
The sale matters because large institutional moves can influence liquidity and sentiment, potentially capping gains from broader market strength. While the 24‑hour bounce shows resilience, continued selling from prominent holders like BlackRock could keep upward momentum limited. Traders and investors should watch ETF inflows/outflows and on-chain transfer activity for signals on whether this pattern persists.