gm
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❕ CME institutional traders have started reducing their long positions and gradually increasing short positions. While Bitcoin still has the potential to reach $80k+, a market correction is anticipated within the next week. Exercise caution in trading, as volatility may increase in the near term.
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BlackRock's Bitcoin holdings have recently surpassed 400,000 BTC, reaching approximately 403,725 BTC valued at around $26.98 billion. This increase follows significant activity over the past two weeks, during which BlackRock acquired an additional 34,085 BTC worth roughly $2.3 billion. The information is available on iShares’ website, detailing the assets under management in the iShares Bitcoin Trust fund, signaling BlackRock’s substantial and growing involvement in the cryptocurrency market. These recent acquisitions highlight growing institutional interest in Bitcoin, reflecting BlackRock's strategic positioning ahead of any potential regulatory approvals for spot Bitcoin ETFs in the U.S., which could further influence market adoption and stability.
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