According to Farside Investors data, BlackRock’s IBIT Bitcoin (BTC) ETF sold $527.8 million worth of BTC on May 27, 2026. The development marks the largest single-day outflow in the fund’s history. BlackRock has been selling BTC consistently throughout this month. The world’s largest asset manager has let go of more than $1.5 billion worth of BTC over the last few weeks.
Bitcoin (BTC) has suffered a major blow over the last few days. The largest crypto by market cap reclaimed the $82,000 mark earlier this month. Investors were hoping for a continued upswing, albeit were disappointed shortly after. BTC first fell to the $76,000 mark after high inflation figures. Earlier today, BTC tumbled to the $72,000 price level.According to CoinGecko’s Bitcoin statistics, BTC has fallen 5.5% in the last week.
BlackRock’s latest Bitcoin dump also follows a market-wide trend.CoinGlass datashows that the cryptocurrency market saw about $930 million worth of liquidations in the last 24 hours.
Bitcoin’s (BTC) latest dip comes after failed talks between the US and Iran. Chances are high that both nations may re-escalate military operations. Oil prices may surge in the coming days. Inflation is also expected to ramp up. The situation does not look favorable for high-risk assets, such as Bitcoin (BTC).
The high inflation numbers have significantly reduced chances of an interest rate cut. Many were hopeful that the new Federal Reserve Chair, Kevin Warsh, will reduce rates after assuming office. Recent developments may keep interest rate unchanged, if not hiked. Higher rates may lead to Bitcoin (BTC) seeing further price dips.
Also Read:Ark Invest’s Cathie Wood Predicts Bitcoin Could Hit $1.25 Million
The CLARITY Act is in its final stages and may pass into law soon. The pro-crypto legislation could elevate investor sentiment. Such a scenario could lead to Bitcoin (BTC) seeing some relief.
Source: Watcher Guru
