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🚨 BlackRock Continues Bitcoin Purchases: What Does This Mean?
BlackRock, one of the world’s largest asset management firms, has been purchasing Bitcoin through its ETF IBIT for nine consecutive weeks.
🔢 Their total holdings have now reached approximately 107,139 BTC.
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💡 Implications of This Trend
1. Increased Institutional Confidence:
Continuous purchases by giants like BlackRock strengthen market confidence in crypto assets. Following ETF approvals in the US, institutional interest has been rising steadily.
2. Impact on Supply:
Bitcoin has a limited total supply of 21 million. Accumulating such large amounts, whether via OTC deals or open market purchases, restricts circulating supply and creates upward price pressure.
3. Long-Term Strategy Signal:
Companies like BlackRock focus on long-term portfolio diversification rather than short-term trading. This reinforces Bitcoin’s positioning as “digital gold.”
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🧐 Potential Outcomes
✅ If BlackRock and other ETFs continue accumulating BTC:
New rallies in Bitcoin prices could be triggered.
Combined with macroeconomic factors and potential Fed rate cuts, 2025 targets for BTC may be reassessed.
❌ However:
Selling pressure, regulatory risks, or a slowdown in ETF inflows could cap short-term gains.
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🔥 Conclusion: Institutional momentum remains strong. #btc# #BTC# #ETH.# #sol# #ltc#