BlackRock’s $104.97 million Bitcoin sale coincides with a 5.22% drop

BlackRock’s Bitcoin sale of $104.97 million , reported as $105 million, marked its fifth consecutive day of selling as Bitcoin’s attempted recovery reversed. The withdrawals coincided with a sharp price correction that took the cryptocurrency from above $80,000 to a low of $75,114 within 24 hours. Data from SosoValue showed that BlackRock ’s Bitcoin ETF registered its fourth net outflow of the week. IBIT recorded another substantial withdrawal on November 5 , followed by the reported Bitcoin sale. The figures capture two separate streaks: five consecutive days of Bitcoin selling by BlackRock and four net-outflow sessions for its ETF during the week. Investors continued to withdraw funds while the broader cryptocurrency market faced a deeper correction.

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