BlackRock’s $548,000,000 Bitcoin (BTC) Dump: Here’s the “Takedown” Explained

• The crypto market crashed following a selloff by institutional investors.
• Bitcoin, Ethereum, and other top cryptos experienced a significant decline.
• Whales embark on selloffs to take profit and provide better buying opportunities.

Crypto whales and institutional investors are on a selling spree, which is causing cryptocurrency prices to go down. A crypto user on X highlighted some parties involved in the ongoing crypto selloff, including those taking short positions and long trades that are being liquidated. That explains the market-wide pullback that cryptocurrencies have experienced in the past few days.

WHY CRYPTO IS THE PRICE GOING DOWN??? #BTC #ETH #XRP #SOL #ADA #TRX #XLM #HABAR

Billions at a time, the big boys are going short and long positions are being liquidated. pic.twitter.com/rzmPslrzg9

— MackAttackXRP (@MackAttackXRP) August 20, 2025

Bitcoin led a market-wide price collapse

Almost all the top cryptocurrencies, including BTC, ETH, XRP, SOL, and ADA, experienced a significant price decline recently. Bitcoin, the largest cryptocurrency by market capitalization, dropped to $112,702 on Tuesday, reflecting a 9.4% pullback from its all-time hi…

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