📉 BlackRock Buys Bitcoin Amid Price Volatility! 📉
🔥 What Happened?
BlackRock just acquired 9,695 BTC worth $1 billion at an average price of $103,187/BTC, bringing their total holdings to 534,851 BTC ($53.89 billion). This move shows the strong commitment of large institutions to crypto.
However, despite the massive accumulation action, Bitcoin price fell 2.6% in the last 24 hours to US$102,448.86 (at the time of data collection). This decline was influenced by monetary policy sentiment, namely a 25 bps interest rate cut by the Fed.
🔍 Technical Analysis
Based on the chart:
EMA 8, 20, and 50 show bullish signals with the price position still above the short-term moving average.
Positive MACD (27.16) indicates potential continuation of bullish momentum, although divergence needs to be watched out for.
Buying volume was only 3.29%, meaning selling pressure dominates, so the opportunity for price correction is still open.
📊 What Does This Mean for Investors?
1️⃣ Institutional Entry = Long-Term Positive Sentiment
BlackRock's move to increase its holdings shows strong confidence in Bitcoin's potential as a hedge against economic uncertainty.
2️⃣ Be Careful with Volatility
A price decline after a large accumulation is common due to profit taking or external pressures such as changes in interest rates.
3️⃣ ETH Is Still Attractive
In addition to BTC, BlackRock also holds 1 million ETH worth US$3.52 billion, showing portfolio diversification into other major crypto assets.
➡️ What to Do?
Short Term Trading: Watch the support area around $100,000. If price holds, this could be a good entry point for scalping or swing trading.
HODLers: Institutional accumulation momentum like this reinforces the long-term bullish narrative. Stick to dollar-cost averaging (DCA) strategies.
💬 What do you think about this big move by BlackRock?
Is this a bullish signal or just a market strategy? $BTC
Discuss in the comments column!
