BlackRock's Bitcoin holdings have grown, but why hasn't the market risen?

BlackRock's Bitcoin holdings have exceeded 322,000, and its holdings have been increasing since the Bitcoin spot ETF was passed. This phenomenon has raised questions in the market: Why does BlackRock continue to increase its Bitcoin holdings, but the market price has not risen accordingly?

Historical background and institutional influence

In every bull market, the entry of institutional investors always takes the lead. For example:

Last bull market: Grayscale Bitcoin Trust (GBTC) continued to buy after Bitcoin halving, becoming the focus of market attention. This bull market: BlackRock leads the market through its Bitcoin ETF (iShares Bitcoin Trust, IBIT).

Market hysteresis

The market's response is usually lagging, which was also verified in 2020:

Bitcoin halving in 2020: Grayscale continued to buy, but the price of Bitcoin did not rise immediately. The market questioned this, and it was not until the end of 2020 that the price of Bitcoin began to rise rapidly, verifying the impact of institutional buying.

BlackRock keeps increasing its Bitcoin holdings, but why didn't the market price rise immediately? Here are a few key factors:

Selling pressure absorption: BlackRock's buying not only absorbs the selling pressure in the market, including the German government's selling and short selling. This absorption behavior temporarily balances the power of buyers and sellers. Only when the selling pressure weakens and the market's chips are highly concentrated, the price may begin to rise significantly. Market sentiment and cycle: Market prices are not only affected by supply and demand, but also by investor sentiment and market cycles. The current market may be in a stage of accumulation and adjustment, and price increases require more catalysts and confidence.

Long-term trend: The continued buying of institutions shows recognition of the long-term value of Bitcoin. As the chips gradually concentrate.Short-term fluctuations: In the short term, market prices may still be affected by a variety of factors, including changes in the macroeconomic environment and market sentiment. Investment strategy: For investors, the current time is a time to observe and wait patiently. You can consider gradually building positions, diversifying risks, and avoiding chasing ups and downs. #以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？ #WazirX黑客事件 #山寨季何时到来？