#BlackRock Bitcoin ETF Sees Massive Inflows Amid BTC Price Consolidation

BlackRock’s Bitcoin ETF (IBIT) adds 2,250 BTC worth $232M, driving US ETF inflows as Bitcoin consolidates near $103K. Analysts see spot-driven momentum and a possible breakout to all-time highs.

Highlights

BlackRock Bitcoin ETF inflows stood $223 million out of the $319 million total flows on Wednesday.

Bitcoin's long-term holder realized price has increased to $45,340, showing greater commitment by investors.

BTC faces critical resistance at $104,900 breaking which could set stage for all-time high.

Just when the market thought the Bitcoin ETF inflows were coming down amid consolidating BTC price, BlackRock’s IBIT pushed them up with massive inflows on Wednesday. Leading the overall ETF inflows, IBIT scooped up 2,250 BTC from the market on a single day, worth $232 million.

Institutional demand for BTC continues as the asset flirts around $103,000 after double-digit gains last week, setting the base for a new all-time high.