Bitcoin Drops Under $90,000 Again With $100 Million Liquidated In An Hour After BlackRock Sells Record BTC💰
BlackRock’s iShares Bitcoin Trust (IBIT) has been hit with its largest outflow since launching in January 2024, contributing heavily to a $3 billion net outflow trend across spot Bitcoin ETFs this month. BlackRock alone accounts for $2.1 billion of November’s ETF withdrawals. As selling pressure intensified, Bitcoin fell below $90,000 for the second time this week, triggering over $100 million in liquidations within an hour—about a quarter of all BTC liquidations in 24 hours. On-chain data shows BlackRock executed its largest-ever BTC sale, deepening market weakness and accelerating the ongoing crypto sell-off.
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