📰 BlackRock, whales, and institutions: BTC price under the radar of silent accumulation
An institutional wave that does not stop
The chart doesn’t lie: Bitcoin (BTC) maintains a streak of 9 consecutive weeks of institutional accumulation, led by BlackRock's exchange-traded fund (ETF), the largest asset manager in the world. According to Bloomberg data, this strategy not only confirms the maturity of the asset but also the renewed confidence in BTC as a store of value in times of uncertainty.
Larry Fink, CEO of BlackRock, has reiterated in recent interviews that “Bitcoin represents a digital evolution of gold” and that its sustained inclusion in institutional portfolios “responds to a global need for decentralized diversification.”
BTC surpasses $107K: technical signals of accumulation
As shown on the Binance panel, BTC is trading at $107,293.21 at the time of the report, with a slight daily increase of +0.12%, but with key indicators trending upwards:
EMA(7) above EMA(25) and EMA(99), suggesting sustained bullish momentum
24h volume at 330.9 million USDT, supporting the current range
Buying strength of 83% in the order book, a clear signal of accumulation
This behavior has been interpreted by Willy Woo, on-chain analyst, as “a classic post-capitulation reaccumulation phase, typical before explosive upward movements.”
What is driving this trend?
The following factors are at play:
Expectations of rate cuts in the U.S., making non-sovereign assets attractive again
Geopolitical conflicts in Asia and the Middle East, where Bitcoin acts as a safe haven
Renewed interest from approved ETFs and traditional managers
Additionally, the context of positive net flow in BTC ETFs — as shown by CoinShares in its weekly report — reveals a rotation of capital from bonds and stocks towards crypto assets.
