Bitcoin refuses to drop after $1.3B BlackRock sale — the selling has no teeth, ride the momentum
Someone just sold $1.3 billion worth of Bitcoin through a BlackRock fund and the price barely moved. At the same time, Mastercard got a crypto license in New York and Cash App started rolling out stablecoin features to 60 million users.
Idea
When a $1.3 billion sell order hits the market and the price doesn't drop, it tells you there's enormous buying demand absorbing it. That's exactly what happened with Bitcoin today — someone unloaded a massive BlackRock ETF position and Bitcoin held steady. On top of that, two major companies just doubled down on crypto: Mastercard earned a New York crypto license, and Block's Cash App is putting stablecoin features in front of 60 million everyday users. All three signals point to growing institutional and mainstream adoption that could push Bitcoin higher from here.