BlackRock’s $IBIT ETF Hits 700,000 BTC – A New Bitcoin Milestone🔰
BlackRock’s iShares Bitcoin Trust (IBIT) has just crossed a huge milestone, holding over 700,000 BTC, valued at roughly $76 billion. This makes it the second-largest Bitcoin holder globally, right after Satoshi Nakamoto.
Key Highlights
Fast Growth: IBIT reached this level in just 18 months – the fastest ETF to accumulate this much Bitcoin.
Market Dominance: The ETF now controls 55% of all U.S. spot Bitcoin ETF assets, totaling $140 billion across all such ETFs.
Institutional Confidence: Massive inflows into IBIT show growing trust from institutions in Bitcoin as a serious asset class.
Trade Setup – $IBIT ETF
Entry Zone: Current levels (watch market trends).
Target Levels: Potential upward movement as institutional interest grows.
Stop Loss: Based on your risk tolerance and market volatility.
> Note: Always do your own research (DYOR) and consider consulting a financial advisor before investing.
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🔰 Binance Series – Day 9 Spot Trading vs Futures Trading
👉 Spot Trading means you buy or sell crypto at the current market price. Example: You buy 1 BNB at $600, and if BNB goes to $650, you can sell it and earn $50 profit.
👉 Futures Trading is trading on contracts about the coin’s future price. Example: If you open a 10x leveraged position and the price moves just 5% in your favor, you can gain 50% profit. But if it moves against you, you can also lose that much ⚠️.
✨ Golden Rule: Always start with Spot Trading before Futures. Learn safe, then earn big.
❓ Did you understand something from this, or is it still confusing? 😉😏
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