**🚀 BLACKROCK DOMINATES THE BITCOIN MARKET: Bought $970 Million BTC in 1 Day!**
### **🔍 IMPORTANT SUMMARY**
1️⃣ **BlackRock (IBIT) Dominates 50% of Bitcoin ETF:**
- **Bought $970 million BTC (April 28, 2025)** – **2nd Largest** after the record $1.12 billion (Nov 2024).
- Total IBIT assets now **$56 billion (3% total BTC supply)** → Equivalent to **600,000+ BTC**.
2️⃣ **Impact on the Market:**
- BTC stable at **$95,000** despite large purchases → The market is becoming more mature.
- Other ETFs **experience outflow/neutral** → BlackRock excels in attracting institutional capital.
3️⃣ **BlackRock's Strategy:**
- **Samara Cohen (CIO of BlackRock):** The institution focuses on BTC as a **long-term asset**.
- Large purchases provide **price support** & reduce volatility.
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### **📈 WHAT DOES IT MEAN FOR TRADERS?**
✅ **Long-Term Bullish:**
- Institutional accumulation = **strong signal** to HODL.
- Target **$100,000+** is becoming more realistic.
⚠️ **Attention:**
- BTC may remain **sideways** in the short term.
- Monitor **competitor ETF movements** (Grayscale, Fidelity).
