BlackRock bought $250 million worth of Bitcoin in two days—ending two consecutive weeks of selling.

Wall Street Whale Returns to Battle! Leading on-chain data analytics platform Arkham officially posted that the world's largest asset manager, BlackRock, has ended its two-week streak of daily selling. Over the past 24 to 48 hours, it has made a massive "reverse long" move, aggressively buying Bitcoin worth $250 million. This "Buy the Dip" surge of capital has quickly ignited optimism in the crypto community for a short-term bullish market.
(Previous: Bitcoin rebounds above $64k, Ethereum hits $1,800! $410 million liquidated across the network in 24 hours, over 100k traders wiped out)
(Background: Legendary trader Peter Brandt considers "selling Bitcoin for gold": XAU/BTC shows double-bottom pattern)

On July 8, 2026, Beijing time, renowned on-chain intelligence platform Arkham (@arkham) released an official observation report with a striking headline: "BLACKROCK IS BUYING BITCOIN."

Data shows that the Wall Street asset management giant, managing trillions of dollars, has restarted its large-scale accumulation mode in the past 2 days, buying Bitcoin worth $250 million (approximately NT$8.1 billion) in one go.

BLACKROCK IS BUYING BITCOIN

BlackRock bought $250M Bitcoin in the past 2 days. They started buying Bitcoin after selling every single day for more than 2 weeks.

How much will they buy this week? pic.twitter.com/F7Z1UJ7961

— Arkham (@arkham) July 8, 2026

Ends 2-Week "Daily Sell" Streak, Institutional Spot Army Shifts Gears

The $250 million spent in two days has caused a major shock in the industry because it represents a "big reversal" in institutional fund direction. Arkham noted that before this, BlackRock's related entity wallets and trust addresses had been selling continuously for over two weeks, even reaching a state of "daily outflows."

Now, with this whale—long seen as a Wall Street bellwether—suddenly stopping its sell-off and reversing to aggressively accumulate, market bullish sentiment is quickly being ignited.

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