BlackRock has deposited $671 million in Bitcoin and Ethereum, indicating a major sell-off as it transferred 6,918 BTC and 59,327 ETH. This transaction coincides with a bearish trend where both cryptocurrencies are nearing multimonth lows.
The institutional investor faced its highest Bitcoin ETF outflow of 528.30 million USD on January 30, reflecting negative sentiment in the crypto community amidst rising uncertainty.
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