This week’s Bitcoin drama? It’s like watching the heavyweight champ suddenly take a dive in round three.
BlackRock, the biggest shot in the asset management racket, decided to unload nearly half a billion bucks worth of Bitcoin.
And when BlackRock moves, the crypto market feels the tremors.
Selling pressure
So here’s how it went down. Arkham’s experts shared that BlackRock moved these Bitcoins over to Coinbase, classic sign they’re prepping for a sell-off.
Why? Well, their flagship iShares Bitcoin ETF has been bleeding cash like a busted pipe.
Since August 15, these Bitcoin ETFs spat out close to $1.2 billion. Just last week alone, over $1.1 billion fled the scene.
You can imagine the panic, investors hitting the exits, selling pressure piling up, sending Bitcoin tumbling from a fresh ATH of $124,000 down to around $112,000.
This is like your favorite underdog team going from league leaders to benchwarmers in a blink.
The market was shaking because BlackRock isn’t some small-time player. It’s the Godfather of asset management, and when it dumps crypto, everyone follows suit.
Possible interest rate cut
But then, enters Jerome Powell. The Federal Reserve chair’s Jackson Hole speech did calm the room.
He hinted at a possible interest rate cut come September, and that whispered promise was enough to turn the tide.
Bitcoin started climbing back up, sharper than a comeback in the final minutes of a basketball game.
On August 22, for the first time in days, Bitcoin ETFs overall recorded fresh inflows.
Most fund managers got new money coming in, Cathie Wood’s Ark Invest led with $65 million, while Fidelity, Van Eck, and a bunch of others piled in tens of millions.
Everyone, that is, except BlackRock, still coughing up $199 million.
Comeback
So what does this mean for the everyday investors? BlackRock’s still cautious, but it looks like the crypto market’s breathing again.
With BTC pricing bouncing back, we might see these ETFs, even BlackRock’s, start pulling in cash next week.
It’s the classic hero’s moment, after the fall, the rise. Will BlackRock return to the dance floor, or are they just setting the stage for the next big move? That’s unclear yet, but we can hope.
When the biggest asset manager hits the crypto brakes, the whole market feels it, no doubt.
But just like in every good story, there’s recovery, resilience, and the possibility of a grand comeback. The story isn’t over yet.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 24, 2025 • 🕓 Last updated: August 24, 2025
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