BREAKING: BlackRock Just Bought 11,638 BTC โ While Only 3,150 Were Mined ๐๐จ*
This week, *BlackRockโs Spot Bitcoin ETF* accumulated *11,638 BTC* ๐ โ but only about *3,150 new BTC* were mined during the same time. Thatโs nearly *4x more demand than supply* ๐๐ฅ
๐ง What This Means:
- *BTC supply is fixed* โ only 900 BTC are mined daily (post-halving) โ๏ธ
- When institutions like BlackRock scoop up more than the market can produce, it creates *severe supply pressure* ๐
- This kind of *institutional accumulation* supports *strong upward price action* over time ๐ฅ
๐ผ Why Itโs Bullish:
- BlackRock isnโt trading for quick gains โ itโs *stacking for long-term exposure*
- This shows *institutional confidence in Bitcoin as a store of value* and hedge against fiat instability ๐ฆ๐ธ
- More ETFs = more passive accumulation = *less BTC available on the open market*
๐ฎ Predictions:
- If this pace continues, *liquidity will tighten*, and even small retail demand could trigger large moves ๐
- Could drive BTC price well above100K in coming months if ETF inflows stay strong
- *Altcoins* may start running too as BTC consolidates at higher levels โ๏ธ๐
*Takeaway:* Youโre not just competing with other traders anymore โ youโre competing with *Wall Street*. And theyโre buying more than Bitcoinโs own supply.