BITCOIN & ALTCOINS DUMPED BY BLACKROCK!!!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

Market Trends & Analysis - Bitcoin confirmed a bearish divergence on larger time frames, indicating a potential pullback in the next 1-2 months [8][12][13] - The crypto market is likely to experience a bearish period for Bitcoin in the next few weeks or months [17] - Altcoin season is not currently in play as Bitcoin dominance holds above the 605%-61% support level [34] - Ethereum is struggling under resistance between 3900-4100, with potential for rejection [43] - XRP confirmed a bearish divergence on the weekly chart, similar to a pattern before a 60%-70% pullback [54][55] - Chainlink's price structure indicates a bearish trend for the next few weeks, similar to a pattern observed earlier in the year [59] ETF Outflows - Bitcoin ETFs experienced a net outflow of over 323 million USD on Monday [2] - BlackRock's Bitcoin ETF alone had almost 292 million USD in outflows on Monday [3] - Ethereum ETFs saw a net outflow of over 465 million USD, marking the worst day in history for spot Ethereum ETFs [42] - BlackRock sold 375 million USD worth of Ethereum on Monday to cover ETF outflows [42] Trading Opportunities & Levels - Bitcoin has short-term support around 110000-112000, with a potential drop to 106000-107000 if it breaks below this level [19][20] - Short positions in the altcoin market may be favorable if Bitcoin dominance continues to bounce [36] - Chainlink may move down towards 13-1350 if it confirms a break below 1550 [62][63]