BlackRock has transferred several tranches of Bitcoin from its iShares Bitcoin Trust (IBIT) wallet over the past 24 hours, totaling 4,394 BTC worth about $471.15 million, according to data from Arkham Intelligence.
The movements, first identified through Arkham Intelligence tracking, occurred in multiple transactions of 300 BTC each, sent from IBIT-labeled addresses to Coinbase Prime deposit wallets.
Blockchain records show that at least 14 separate transfers of 300 BTC each were made within 17 hours, alongside an additional 194 BTC transaction and a 48 ETH movement to Coinbase Prime. Each 300 BTC batch, valued at nearly $33 million, suggests structured redemptions rather than a wholesale liquidation.
While earlier online speculation suggested that BlackRock sold up to 20,000 BTC, current wallet data does not support such a large-scale divestment.
🚨 BREAKING
BLACKROCK DUMPING CRYPTO AFTER TRUMP DEAL WITH CHINA
THEY SOLD 20,000 $BTC WORTH $2 BILLION TO LIQUIDATE LONGS
EXPECT HIGH VOLATILITY! pic.twitter.com/uuCC200xVE
— DANNY (@Danny_Crypton) October 30, 2025
ETF flow data still shows $396 million in combined redemptions across BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares’ ARKB, reflecting coordinated profit-taking following the announcement of the Trump–Xi trade framework in Busan. IBIT accounted for the largest share, but the on-chain outflows were incremental, not a full-scale sell-off.
$1.1 Billion in Liquidations Add to Volatility
Data from CoinGlass showed that over $1.1 billion in leveraged crypto positions were liquidated over the past 24 hours, highlighting the scale of the market correction. Long traders bore the brunt, with Bitcoin alone accounting for nearly $500 million in losses and Ethereum adding another $250 million.
More than 210,000 traders were affected, making it one of the largest liquidation events in recent months. As of press time, Bitcoin was trading at $107,226, registering a 3.71% decline over the past 24 hours.
Trump-Xi Meeting Calms Trade Fears but Fails to Lift Crypto
The October 30 meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Seoul came at a crucial moment for global markets. Tensions between the two nations had erased an estimated $380 billion from the total crypto market capitalization in prior weeks, as tariff threats rippled across global supply chains.
President Donald J. Trump meets with Chinese President Xi Jinping in South Korea.
"I think we're going to have a fantastic relationship for a long period of time, and it is an honor to have you with us." pic.twitter.com/ISpVBzkvN3
— The White House (@WhiteHouse) October 30, 2025
The summit provided temporary relief. Both leaders signaled intentions to reduce friction, with Trump noting that the two sides had “agreed to a lot already.” Xi called for stable long-term relations, suggesting a shared goal of economic cooperation. While the discussions did not result in a comprehensive trade agreement, minor concessions helped restore broader market confidence.
Washington reportedly agreed to lower certain tariffs on Malaysian exports, particularly those linked to Bitcoin mining equipment, while Beijing indicated it would ease restrictions on rare earth shipments and expand U.S. agricultural imports.
The CoinRemark Team
Brenda Kanana
