BlackRock's Frenzy: Acquiring 5,613 Bitcoins! Will ETF Whales Sustain Bull Market Hopes?

American asset management giant BlackRock is igniting market enthusiasm! Its iShares Bitcoin Trust (IBIT) has been continuously increasing its holdings over 15 trading days, with a staggering acquisition of 5,613 bitcoins in just the last day, propelling managed assets into the billions and solidifying its leading position in the ETF space. Experts assert: the spot Bitcoin ETF is becoming the new artery of the crypto market!

IBIT continues to rise, while some competing ETFs are experiencing capital outflows. This polarization of capital flow indicates that the market has more trust in IBIT's high transparency and spot custody mechanism. Bloomberg ETF strategist Balchunas emphasizes: since its launch at the beginning of the year, IBIT's inflow stability is exemplary and has injected a "confidence stabilizer" into the entire market.

Currently, Bitcoin prices are hovering around $94,500, just a step away from the $100,000 threshold. Analysts point out that the MVRV indicator is trending neutral, suggesting the market may enter a cooling and consolidation phase. Volume fluctuations may determine the next directional movement.

The strong intervention of institutional funds is gradually changing the market structure. There may be short-term volatility, but the long-term logic remains bullish. Investors should be more cautious in their positioning at this time, avoiding the trap of blindly chasing prices. Are you ready to follow in the footsteps of the giants?