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Bitcoin Dips Below $65K as Whales Buy the Fear While BlackRock Expands BTC Products
#Bitcoin is trading around $64,890, down 2.6% in the last 24 hours, as broader market pressure continues to weigh on crypto sentiment.
Despite the pullback, institutional interest remains active. Asset management giant BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA), designed to provide Bitcoin exposure while generating monthly income through options strategies.
📊 Key Market Highlights
• BTC Price: $64,890
• Market Cap: $1.3 Trillion
• 24H Volume: $24.44 Billion (-23%)
• U.S. Spot Bitcoin ETF Net Flows: -$64.09 Million • Grayscale GBTC Outflows: $124.01 Million
On-chain data shared by analyst Ali Martinez shows that Bitcoin whales accumulated more than 30,000 BTC over the past week, signaling continued confidence from large holders despite short-term weakness.
While ETF outflows and profit-taking are creating near-term headwinds, whale accumulation and new institutional products suggest that long-term demand for Bitcoin remains intact..
#BTC #Crypto #BitcoinETF #Gateio