CoinJiejia news: Bitcoin’s price rebounded to $63,739, and BlackRock absorbed $81 million worth of BTC in just a few minutes. Previously, retail investors had been actively selling shares in BlackRock’s Bitcoin ETF, which led to a drop in cryptocurrency prices. However, BlackRock’s strategy shift sparked a strong reaction in the market, prompting it to start buying back. BlackRock’s IBIT fund recorded net outflows of more than $772 million during the summer price decline, reducing its total net assets to $44 billion. After the strategy report was released, BlackRock’s clients quickly changed direction and began absorbing the BTC being sold off by the market.

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NonceWhisperer
· 5h ago
Retail investors: I sell, you buy, I cry, you laugh?
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Half-MeltedIceCreamUnderThe
· 5h ago
Scare away retail investors in summer, pick up bargains yourself in autumn, a classic move.
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BoringButBullish
· 5h ago
As soon as the strategy report is released, it turns around, which shows that the previous suppression of price was intentional to accumulate shares.
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