$671 Million: BlackRock Dumps Bitcoin and Ethereum Again, But Bigger This Time
Analysis
Price Impact
HighBlackrock, a major institutional player, has offloaded a substantial $671 million in bitcoin and ethereum. this large-scale selling, coupled with significant outflows from its ibit etf, sends a strong bearish signal to the market, indicating institutional capitulation or profit-taking amidst uncertainty.
Trustworthiness
HighThe report cites specific on-chain data from lookonchain and details of blackrock's ibit etf outflows, which are verifiable. u.today is a reputable crypto news source.
Price Direction
BearishThe article explicitly states that the move 'has sparked more fear across the crypto community' and that both cryptocurrencies 'have shown bearish price moves,' trading on a 'downside trajectory' and 'retesting multimonth lows.' large institutional selling directly increases supply and dampens demand.
Time Effect
ShortThe immediate impact of such a large sell-off is already evident in the 'bearish price moves' and 'notable price declines.' while it could contribute to longer-term sentiment, the direct price action is a short-term reaction to the event.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News BlackRock pulls off big Bitcoin sale as price retests $74,000 BlackRock IBIT closes January with highest 2026 outflow Advertisement BlackRock has continued to offload Bitcoin and Ethereum in heavier stacks even as February begins, and this time, it has made the largest Bitcoin and Ethereum deposits so far in 2026. With the leading asset management firm showing no signs of slowing down its consistent crypto sell-off activities, it has just deposited $671 million in Bitcoin and Ethereum, according to data from on-chain monitoring platform Lookonchain. BlackRock pulls off big Bitcoin sale as price retests $74,000 Although BlackRock has been consistent with its Bitcoin and Ethereum sales and the crypto community is familiar with the move from the firm, the large volume of the latest transfer appears to have been triggered by the growing market uncertainty. HOT Stories Morning Crypto Report: Binance Suddenly Unlocks One Trillion Shiba Inu (SHIB), Bitcoin Whitepaper Name Admits and Denies Epstein Links, $2.36 Billion Satoshi-Era Bitcoin Whale Gets in Trouble With Ethereum Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000? Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News According to the data, BlackRock deposited 6,918 BTC worth about $538.6 million and 59,327 ETH tokens worth about $133.6 million to Coinbase a few minutes ago. Advertisement The move has sparked more fear across the crypto community, as it has come when Bitcoin and Ethereum are trading heavily on a downside trajectory, showing notable price declines and retesting multimonth lows. You Might Also Like Tue, 01/27/2026 - 15:50 BlackRock Backtracks on Brutal Bitcoin Sell-Off With New Buyup By Godfrey Benjamin While the nature of the transfer is yet to be clarified by the firm, the nature and frequency of the transfers are perceived as major sell-off attempts, suggesting that the firm has continued to shrink off its holdings amid prolonged market volatility. Advertisement Following large BTC and ETH deposits, both cryptocurrencies have shown bearish price moves, with the former trading around $78,304 and the latter $2,373 as of press time. BlackRock IBIT closes January with highest 2026 outflow Prior to the major Bitcoin deposit made by BlackRock, the firm has seen its Bitcoin ETF product log the highest outflow it has seen so far in 2026. During its last trading session seen on Jan. 30, the BlackRock IBIT recorded a massive $528.30 million in outflow, indicating growing institutional sell-offs as investors begin to trade with caution. #Bitcoin #Ethereum #BlackRock #Spot Bitcoin ETF #Coinbase