Is BlackRock manipulating the Bitcoin price again?

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Last Updated on 28 May 2026 by CryptoTips.eu

If you’re a Bitcoin Whale, it is always better if you can buy the largest digital currency cheaply. Hence, if you own a significant amount, you could theoretically influence the price and cause a sudden drop. BlackRock, the world’s largest asset manager, is once again being accused of manipulating the Bitcoin price in this way. At the time of writing, Bitcoin is trading at $73,200.

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BlackRock began purchasing Bitcoins in large quantities for its own IBIT fund in January 2024. As early as September of that year, the first rumors of market manipulation surfaced.

The conspiracy theory that went viral at the time was: BlackRock waits until Bitcoin reaches $70,000, then takes a massive short until the price drops to $50,000, after which it starts buying again. Coinbase, which collaborates on BlackRock’s Bitcoin ETFs, participates, and both manipulate the market in this way.

 

This time it is slightly different, but still the same movement. A well-known crypto analyst reported that an unknown player sold about $1.29 billion worth of IBIT shares via a ‘dark pool’, resulting in a massive outflow of Bitcoins. The price of Bitcoin suddenly dropped from $77k to $75k, only to gradually climb back up.  In the past 24 hours through, the price of Bitcoin has been steadily declining again.

Market manipulation or not, you be the judge.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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