Looking at the movement last month when Bitcoin rose to around $70k, it’s clear that institutional investors are playing a prominent role. BlackRock’s Bitcoin ETF (IBIT) recorded inflows of $70k in a single day. It’s apparently the largest inflow in five months.



At this timing, MicroStrategy also moved. They invested over $200 million to buy an additional 3,015 BTC. MicroStrategy’s total holdings now exceed 720k BTC. Seeing such a large purchase suggests major investors are aware of Bitcoin’s bottoming out.

Looking at the overall spot Bitcoin ETF, inflows reached $458 million, with Fidelity’s FBTC also seeing inflows of $94.8 million. It’s interesting that multiple players are moving simultaneously, not just BlackRock.

However, after reaching $70k, the price fell back to around $67,000, possibly due to rising geopolitical tensions. While there may be short-term volatility, the fact that large investors are increasing their Bitcoin holdings indicates a medium-term bullish stance.
BTC-0.13%
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