Bitcoin Faces Selling Pressure as BlackRock and Ark Invest Offload Holdings; Traders Warn of Sub-$100K Dip
In the latest Bitcoin market developments, BlackRock and Cathie Wood’s Ark Invest have sold more than 1,000 BTC combined, sparking renewed caution as veteran analysts warn of a potential pullback below $100,000. Meanwhile, firms such as Metaplanet and Strategy are seizing the dip to expand their Bitcoin exposure.
Key Points:
- BlackRock sold 490 BTC ($68.7M) and also unloaded $87.2M in ETH.
- Ark Invest sold 559 BTC ($64.4M) through its Ark 21Shares Bitcoin ETF.
- Veteran trader Dr. Profit predicts Bitcoin will fall under $100K in September before rebounding.
- Strategy and Metaplanet are aggressively accumulating, signaling confidence in long-term growth.
BlackRock and Ark Trim BTC Positions
BlackRock recently sold 490 BTC worth about $68.7 million, alongside $87.2 million worth of Ethereum. Despite this, the firm remains the world’s largest Bitcoin holder, with 749,500 BTC still under management. Interestingly, the sales came as BlackRock’s IBIT spot Bitcoin ETF hit a new milestone, surpassing $91 billion AUM, reflecting continued strong institutional demand for regulated Bitcoin products. 
Ark Invest also joined the selling trend, offloading 559 BTC ($64.4M) via its Ark 21Shares ETF. This move adds to broader August redemptions across U.S. crypto ETFs, raising the question of whether the sales are simply profit-taking or an early sign of a bearish turn.
Despite the trim, Cathie Wood has remained bullish long-term, previously forecasting Bitcoin could surge to $1.5 million in the coming years as adoption by corporations and institutions continues to expand.
Traders Predict Pullback Below $100K
Veteran analyst Dr. Profit expressed confidence that Bitcoin will slide under $100,000 in September before staging a rebound to new record highs in the following months. Similarly, Bull Theory projected a correction to around $98,000 support, with a potential upside to $160,000–$200,000 if bulls defend key levels.
Contrarian Buyers Step In
While some are cashing out, others are capitalizing on the downturn. Strategy added 430 BTC ($51.4M), and Japan’s Metaplanet accumulated 775 BTC, lifting its total holdings to 18,888 BTC. With a BTC leverage rating of 18.67x, Metaplanet’s aggressive approach suggests resilience against volatility.
Together, these moves reflect a split market: while BlackRock and Ark may be locking in short-term profits, Metaplanet and Strategy are betting on long-term upside. The short-term outlook for Bitcoin now hinges on whether bulls can hold the $109K–$112K zone and if liquidity returns to exchanges.
