BlackRock Forced to Liquidate $122 Million in Bitcoin as Clients Cut 45% Losses

BlackRock's IBIT liquidates $122 million in Bitcoin via Coinbase as annual returns plunge 45.62%.

Gamza Khanzadaev · 3 Aug 2026 · 5 min read

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BlackRock Forced to Liquidate $122 Million in Bitcoin as Clients Cut 45% Losses

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By
Gamza Khanzadaev

Mon, 3/08/2026 – 15:15

BlackRock’s IBIT liquidates $122 million in Bitcoin via Coinbase as annual returns plunge 45.62%.

BlackRock Forced to Liquidate $122 Million in Bitcoin as Clients Cut 45% Losses

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The U.S. spot crypto ETF market has ended a three-week streak of net capital inflows and faced broad-based withdrawals. The epicenter of the sell-off was BlackRock’s iShares Bitcoin Trust (IBIT).

As the absolute market leader with total net assets of $46.18 billion, the fund took the brunt of worsening market sentiment. Investors who entered the asset near its peak are now seeing the fund’s one-year return at -45.62% and are locking in losses en masse.

ETF selling pressure pushes Bitcoin toward a $52,000 bottom formation

The fund’s scale has turned the actions of its clients into a market-wide trigger. According to data from SoSoValue, IBIT recorded a net outflow of $122.06 million during one of the latest trading sessions, accounting for almost half of the market-wide outflow of $265.37 million.

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Synchronized selling was also recorded among its competitors: Fidelity’s FBTC lost $64.95 million, while Ark 21Shares’ ARKB saw $17.54 million in withdrawals. At the same time, Arkham’s on-chain analysts detected a fresh transfer of 1,948.07 BTC, worth approximately $122.03 million, from BlackRock-linked wallets to the institutional platform Coinbase Prime.

*BlackRock’s iShares Bitcoin Trust (IBIT) performance since its launch in January 2024, Source:* *TradingView*

Nevertheless, even after this outflow, the company still holds 737,118.26 BTC on its balance sheet, representing 3.67% of the cryptocurrency’s total global supply.

The current outflow is taking place at a turning point for the market, with Bitcoin trading near $63,700 and remaining below a descending trendline on the weekly chart. Analysts note that pressure from ETF selling has pushed the asset into a bottom-formation phase that could last for up to three months.

As part of this process, a short-term price decline toward the realized price level near $52,000 remains possible.