Bitcoin is once again grabbing headlines as institutional investors, led by none other than BlackRock, intensify their accumulation. The iShares Bitcoin Trust (IBIT), BlackRock’s flagship spot Bitcoin ETF, is seeing a fresh wave of capital inflows, signaling a major vote of confidence in BTC’s long-term potential.
BlackRock Leads the Charge with $223 Million in Single-Day Inflows
According to the latest figures, U.S.-based Bitcoin ETFs attracted a combined $319 million in net inflows on Wednesday alone. Of that, BlackRock’s IBIT contributed a staggering $223 million, reflecting the strong and consistent appetite from institutional investors. This single-day haul translates to around 2,250 BTC added to the fund, lifting IBIT’s total Bitcoin holdings to approximately 628,000 BTC—an eye-popping figure that puts it among the top global holders of the digital asset.
While other funds like Fidelity’s FBTC and Grayscale’s mini Bitcoin ETF also saw inflows (each around $35 million), it’s clear that BlackRock continues to set the tone for the institutional investment narrative surrounding Bitcoin. In fact, IBIT’s share price has climbed 23% in the past month, riding the wave of increased demand and broader market optimism.
Rising Long-Term Holder Metrics Suggest Maturity in the Market
Beyond the inflows, on-chain data is adding more fuel to the bullish fire. Blockchain analytics firm Glassnode reports that the realized price for long-term Bitcoin holders—essentially the average price at which long-term wallets acquired their BTC—has climbed to $45,340. This shift reflects the growing base of holders who bought in the $90,000–$100,000 range and are now aging into long-term status.
This is important because it underscores a maturing investor class. Rather than short-term speculation, more holders appear to be positioning Bitcoin as a serious, long-term asset in their portfolios.
Popular analyst Miles Deutscher has also pointed out that Bitcoin’s current rally appears to be driven primarily by spot buying, not leveraged trading. This distinction is crucial, as it points to genuine demand rather than short-lived speculative activity. BlackRock and similar institutional entities are likely behind a substantial portion of this spot-driven push.
What’s Next? BTC Faces Crucial Resistance Near $105,000
At the time of writing, Bitcoin is trading around $102,388, having slipped slightly by 1.2% in the past 24 hours. Daily trading volume is also down 10%, currently sitting at $44.5 billion—a possible sign of consolidation before the next major move.
Crypto strategist Ali Martinez warns that Bitcoin’s Relative Strength Index (RSI) is signaling overbought conditions, which could prompt a brief dip to the psychological support level around $100K. That said, Captain Faibik, another prominent analyst, sees hope in the charts. He notes the formation of an ascending triangle—a bullish continuation pattern—and suggests that if Bitcoin bounces off current support and breaks past $104,900, it could be on the fast track to a new all-time high.
Final Thoughts
With BlackRock’s IBIT continuing to absorb large amounts of BTC, and on-chain fundamentals aligning with a bullish structure, Bitcoin appears poised for a decisive move. The combination of institutional buying, rising long-term confidence, and chart-based setups paints an optimistic picture—though short-term caution remains wise.
As always, crypto investors should stay vigilant, monitor key resistance and support levels, and consider securing gains where appropriate. If Bitcoin clears $104,900 convincingly, the bulls could be back in the driver’s seat—with fresh all-time highs in sight.
