BlackRock anticipates a $1.3 billion IBIT liquidation as Bitcoin falls 2.8%

BlackRock IBIT Selloff Affects Bitcoin

A massive $1.3 billion sell‑off of BlackRock’s IBIT fund caused Bitcoin to slide 2.8 %. More than 29 million IBIT shares were dumped in a single transaction.

The event was reported by COINTURK NEWS under the headline “BlackRock sees $1.3 billion IBIT selloff as BTC drops 2.8%.”