Finbold
18 May 2026, 13:52 UTC · 3d ago
BlackRock accelerates Bitcoin selloff amid bearish sentiment
Source · https://finbold.com/blackrock-accelerates-bitcoin-selloff-amid-bearish-sentiment/
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Finbold
18 May 2026, 13:52 UTC · 3d ago
Source · https://finbold.com/blackrock-accelerates-bitcoin-selloff-amid-bearish-sentiment/
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Story key points
3 claims · impact-rated
BlackRock's iShares Bitcoin Trust (IBIT) ended six consecutive weeks of cash inflows and deposited 2,221 BTC (approx. $170.59 million) to Coinbase Prime. — A shift from accumulation to selling by the world's largest asset manager typically signals a bearish trend and increases immediate sell-side pressure.
-0.60The US Senate Banking Committee passed the Clarity Act, a proposed federal regulation aimed at legalizing crypto assets, in a 15-9 bipartisan vote. — Bipartisan progress toward legal clarity for crypto assets is fundamentally bullish for long-term institutional adoption and legitimacy.
+0.40Bitcoin's market capitalization decreased by $22.3 billion over a 24-hour period, with the price trading around $77,410. — Significant short-term loss in market cap reflects current negative momentum and risk-off sentiment among holders.
-0.30Impact vectors
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Model heads
The company's Bitcoin ETF is accelerating a sell-off, contributing to bearish sentiment in the market.
Coinbase Prime is mentioned as the destination for BTC deposits, but no specific positive or negative impact is detailed.