"BlackRock increases its position again! The IBIT fund spent $205 million to acquire BTC on November 9, nearing a total holding of 450,000 coins"
According to the latest disclosure from Cointelegraph, global asset management giant BlackRock's Bitcoin exchange-traded fund (IBIT) increased its position again on November 9, purchasing $205.1 million worth of BTC, bringing the total number of Bitcoins held by IBIT close to 450,000. This move undoubtedly demonstrates institutions' strong bullish signal towards Bitcoin, indicating that capital is gradually accumulating in preparation for the next wave of increase.
With continued inflows of institutional funds, market confidence is gradually recovering, and investors' positioning is starting to accelerate. At this critical moment, can we witness a new breakthrough in Bitcoin prices? Will the entry of institutions become a key catalyst for a market reversal?
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