BlackRock Hoards 700,000 BTC! The Crypto Market is Being Rewritten by the 'Institutional Bulldozer'
On July 8, BlackRock's Bitcoin Spot ETF (IBIT) saw a surge in holdings to 700,307 BTC (worth over $75.5 billion), and this data has unveiled a 'new power structure' in the crypto market:
1. Circulating Supply Faces 'Institutional Squeeze'
The total circulating supply of BTC is only 19.6 million, and IBIT alone locks in 3.57%! Coupled with miners' 'reluctance to sell' (on-chain trading ratio of 3.3% hitting a two-year low), the market's tradable chips are continuously depleting—under the imbalance of supply and demand, it may only be a matter of time before BTC breaks through $150,000.
2. Institutional 'Faith Voting' Disrupts Logic
As a giant managing over $90 trillion in assets, BlackRock's heavy investment actions essentially represent the 'ultimate certification of BTC's value by traditional finance.' When pensions and sovereign funds follow suit, the crypto market will completely bid farewell to 'retail speculation' and enter a new era of 'institutional pricing.'
3. The Ecosystem is Being 'Reprogrammed'
Massive ETF holdings are driving BTC to evolve into an 'institutional-grade asset': derivatives volatility is narrowing, long-term holding strategies are on the rise, and it may even compel regulators to accelerate compliance (such as the chain reaction of stablecoin licenses in Hong Kong). If retail investors cannot keep up with the pace of institutions, they may be marginalized in the 'wave of compliance.'
This 'BTC hoarding competition' led by BlackRock is reshaping the underlying rules of the crypto market. For investors, embracing institutional logic and laying out a compliant ecosystem is key to seizing the next wave of wealth—after all, when Wall Street's bulldozer roars to life, no one can withstand the crushing force of this 'institutional revolution.'
