BlackRock has been linked to recent crypto transfers totaling about $589M, involving 4,044 $BTC and 80,121 $ETH . These movements are tied to ETF redemptions and market-maker adjustments rather than new buying, reflecting routine operational flows within the ETF system. While BlackRock’s iShares Bitcoin Trust recorded roughly $114M in outflows on Nov. 28, the firm’s total crypto ETF inflows this year have already exceeded $20B, underscoring its dominant presence in the market.

$BTC continues to hold support near $90K and is testing a key descending trendline, with an RSI around 68 showing strong momentum. A breakout above ~$93,982 could open targets toward $97K and $102K. $ETH, trading around $3,022, is maintaining steady momentum and remains a favored long-term asset thanks to its expanding DeFi utility.

BlackRock’s strategy stays focused on BTC and $ETH, assets the firm views as institutionally scalable with clearer regulatory paths. Traders should watch ETF flow data for cleaner sentiment signals, as large on-chain transfers often reflect prior redemption activity rather than fresh institutional positioning.

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