Bitcoin — BTC, is standing at the edge of a storm. Over $3 billion in short positions hang like a thundercloud below $100K. Just one spark—maybe from Wall Street’s biggest titan—could send that storm crashing into the charts. BlackRock’s IBIT ETF might be that lightning strike. With institutional giants hoarding supply and retail eyes locked on resistance, the pressure’s boiling. A massive short squeeze isn’t just possible. It’s practically pounding on the door.
BlackRock has become the beating heart of Bitcoin’s institutional flow. The IBIT ETF holds over 604,000 BTC, dwarfing rivals like Fidelity and Grayscale. That’s 52% of the total spot ETF market—an empire built on cold storage and calculated strategy. Add in recent inflows, and the picture sharpens. Since April 21st, IBIT has attracted nearly $4 billion. This flood of cash hit the markets just as Bitcoin bulldozed through the $85K ceiling. Short sellers now sit on a powder keg, and BlackRock’s buying spree keeps adding weight.