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Largest Bitcoin ETF Provider BlackRock Selling Spree Kickstarts, What's Next? | CoinGape

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Summary
Nutrition label

65% Informative

BlackRock sold $ 12.4 M Bitcoin on Jan.8 , raising concerns about a price crash.

The asset manager's net holding value has dropped nearly $3M since January 7 , currently at $ 56.4B.

The 124 BTC sale on January 8 coincides with the BTC price declining to a low of $ 91,380 .

The market is at a critical point, where the biggest Bitcoin ETF provider is adjusting its strategies.

Donald Trump’s inauguration is on January 20 , and various other events could introduce volatility.

VR Score

45

Informative language

31

Neutral language

54

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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