IBIT News: BlackRock Bitcoin ETF Forms First Death Cross

⬤ BlackRock’s IBIT has hit a notable technical milestone with its first confirmed death cross. The 50-day moving average just dropped below the 200-day moving average on the daily chart—a classic bearish signal that traders watch closely. The crossover happened after IBIT pulled back from recent highs, with both short-term and long-term momentum now pointing downward.

⬤ The TradingView chart shows IBIT’s steady decline over recent weeks, slipping below key support levels as selling pressure built up. Price action weakened consistently as the fund traded below both moving averages, creating the technical setup for the death cross. By the time the signal confirmed, IBIT had already established a clear downtrend with price consolidating near recent lows.

⬤ Death crosses typically confirm trends already in motion rather than predict what’s coming next. For IBIT, the signal arrived after a sharp pullback, with volatility now compressing as the market digests the selloff. The chart shows no immediate signs of recovery above the long-term average, suggesting traders are still figuring out the next move.

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⬤ This matters because IBIT has become one of the most-watched spot Bitcoin ETFs since launching. Technical signals on this fund often ripple through the broader crypto investment landscape, influencing sentiment across Bitcoin ETFs and related products. The death cross shows how Bitcoin markets and traditional technical analysis are now fully connected—digital assets are playing by Wall Street’s playbook.