Blackstone’s deft backhanded dip-buying is flawless—just after retail cut their losses, it snapped up 81 million; institutions are always half a step ahead.

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.