🚨 BREAKING: IS BLACKROCK DE-RISKING AHEAD OF THE CRYPTO MARKET STRUCTURE HEARING?

Reports of large BTC and ETH sells just hit the tape right before the Crypto Market Structure Bill meeting.

Numbers circulating:

~3,402 BTC (~$234M)

~30,216 ETH (~$61M)

If accurate, that’s not retail.
That’s risk management by size.

Here’s why this matters:

Big allocators reduce exposure before policy risk

Thin liquidity makes even “routine” hedging look violent

Price moves first — explanations come later

Important nuance (don’t skip this):
This doesn’t automatically mean bearish conviction. Large players often trim or hedge ahead of uncertain outcomes and re-enter later.

What to watch now:

ETF creations/redemptions over the next 24–48h

Exchange inflows/outflows (spot vs. derivatives)

Funding rates (did leverage get wiped?)

Language coming out of the hearing

If this is de-risking from BlackRock, it’s about uncertainty, not panic.

Stay focused on flows, not candles.
I’ll update once we get confirmation from filings or ETF flow data.