# Bitcoin won't drop despite $1.3B BlackRock sale, Mastercard and Block go all-in on crypto — buy the breakout

_AI-generated trading idea · LONG · BTC, SQ_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-won-t-drop-despite-1-3b-blackrock-sale-mastercard-an--cd6fda39-cd14-4fc0-b77b-c328f578b9b9

Bitcoin refused to drop even after a massive $1.3 billion sale by a BlackRock ETF holder. On the same day, Mastercard secured a key crypto license and Block started rolling out stablecoin features to 60 million Cash App users — all signs that big companies are diving deeper into crypto.

## Idea

A $1.3 billion BlackRock ETF block sale would normally rattle Bitcoin, but the price barely budged — a sign that buyer demand is overwhelmingly strong right now. On the same day, two major companies made big crypto moves: Mastercard landed a New York crypto license, and Block started pushing stablecoin payments to its 60 million Cash App users. When the world's largest payments companies are building crypto infrastructure and Bitcoin absorbs massive selling without flinching, it points to building upward pressure. A move toward new highs looks increasingly likely.

## Key details

- Symbols: BTC, SQ
- Timeframes: H4
- Tags: \#crypto, \#institutional\_adoption, \#stablecoin

## Community

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## News sources

- [Block kicks off Cash App's phased stablecoin roll out to its nearly 60 million users](https://www.coindesk.com/business/2026/05/27/block-kicks-off-cash-app-s-phased-stablecoin-roll-out-to-its-nearly-60-million-users) — CoinDesk
- [Bitcoin price shrugs off $1.3B BlackRock ETF block sale](https://cointelegraph.com/news/bitcoin-price-shrugs-13b-blackrock-etf-block-sale) — Cointelegraph
- [Mastercard secures New York State Bitlicense as it continues to expand crypto services](https://www.theblock.co/post/402732/mastercard-secures-new-york-state-bitlicense-as-it-continues-to-expand-crypto-services) — The Block

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