BTC ETF Blackrock Sells $500M: Why Is Bitcoin Price Dropping?

Bitcoin Price Crash After BTC ETF BlackRock Sell: Can Bulls Save $87K?

The crypto market is shaken today as BTC ETF BlackRock outflows suddenly jumped, while bitcoin price crash hit 5% downtrend, currently trading at $89,198.99. On November 18 (ET), exchange traded funds saw $373 million net outflow, marking five days in a row of withdrawals.

Source: SoSoValue

This is one of the biggest warning signals for the market in weeks. But why is this happening? And can the crypto king recover from this fall?

BTC ETF BlackRock Outflows Surge: $500M In One Day

The latest BTC price crash has many strong reasons behind it, and one of them is Blackrock selling bitcoin trend. Yes, as per crypto analyst Doctor Profit X post, BlackRock sold half a billion dollars worth of this coins today. This is the largest amount the firm has ever sold, which shook the entire industry.

This institutional move made BTC crash news today even more intense. The asset is forming higher highs, and higher lows patterns, making trades cautious. 

Why Is Bitcoin Price Dropping and Will it Rise Again? Check Updates

1. The Federal Reserve is holding an important meeting at 2:00 PM ET, whenever the Fed speaks, markets react sharply. Traders fear that any strong or negative comment can hurt risky assets, which led to more bitcoin price crash pressure.

2. The crypto fear and greed index dropped to 15, which is extremely low. When fear is high, people start selling quickly.

3. In the last 24 hours, 154,662 traders were liquidated. Total liquidations crossed $443.43 million. This shows heavy panic trading and explains why the btc liquidations pushed the price deeper.

4. Gold supporter Peter Schiff posted that crypto king is bad for payments, stablecoins are better, and tokenized gold is the best store of value. He even said: “The race to get out of Bitcoin is on. Don’t be last.” 

All of these latest updates increased fear and added step-by-step in bitcoin price crash reasons.

Technical View: Near Critical Support, But What Next?

After massive and continuously BTC ETF outflows, the asset is now trading around $89,250 with a clear pattern of:

• Lower highs, lower lows

• RSI around 33 (close to oversold zone)

• MACD still negative

• Key support: $87K–$88K

• Early recovery only if it goes above $92K

• Strong bounce can push a $100K retest

If the asset holds the support, then it has higher chances to recover and hit $92,000 - $95,000. But if it crashes below $88,000, then top crypto analysts expect it to hit $60,000 - $65,000.

Will Bitcoin Price Go Up? 4 Reasons Hint Yes

Even during the crash, strong bullish signals are coming in:

1. CZ says it will be the next world reserve currency

2. Goldman Sachs ($3T AUM) bought $1.7 billion coins

3. U.S. Congressman Begich says America will buy 1 million BTC

4. Bitwise’s Ryan Rasmussen says it may reach $200,000 in 2026

These reasons show why many investors still believe crypto king can rise despite the ongoing fallout.

Conclusion

Today’s drop came mainly because of huge BTC ETF Blackrock outflow news, heavy selling, FED fear, and bearish investor sentiment. But even after the fall, long-term signals look strong. A move above $92,000 can start recovery, and long-term predictions still aim high.

The market is scared now, but institutional buying suggests Bitcoin price may bounce back once fear settles.

Disclaimer: This article is only for information. The crypto market is risky, so always do your own research before investing.