Spot Bitcoin ETF inflows have returned to positive territory, with BlackRock's iShares Bitcoin Trust (IBIT) leading the charge. The BlackRock Bitcoin ETF acquired 2,660 BTC yesterday, signaling renewed institutional demand. Market watchers are now questioning whether this momentum could propel BTC back to $90,000 in the near term.
BlackRock Bitcoin ETF Sees Highest Inflows Since February
After weeks of outflows, the BlackRock Bitcoin ETF (IBIT) has recorded two consecutive days of positive inflows. On Tuesday, IBIT purchased 2,660 Bitcoins worth $217.26 million – its largest single-day inflow since February 4, 2025.
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Trading volume for $IBIT surged to $1.6 billion, reflecting growing investor interest in Bitcoin amid ongoing market developments. This activity suggests institutions may be repositioning their Bitcoin exposure after recent price fluctuations.
Growing Institutional Appetite for Bitcoin
While BTC prices have shown volatility, on-chain data reveals long-term holders continue accumulating during dips. Glassnode reports this group has added 167,000 BTC ($14 billion) in the past month alone.
MicroStrategy (now rebranded as Strategy) plans to raise $500 million for additional Bitcoin purchases through a preferred stock offering. This move follows their established pattern of aggressive BTC accumulation despite market conditions.
Bitwise CIO Matt Hougan maintains his long-term $1 million Bitcoin price prediction, suggesting current macroeconomic concerns may prove temporary.
Key Resistance Levels for BTC Price Recovery
Despite the ETF inflows, Bitcoin currently struggles below $83,000. Analysts identify several critical resistance levels:
- Immediate hurdle: $84,000 (200-day SMA)
- Major barrier: $91,000 (50-day SMA)
- Support floor: $80,000 (psychological level)
A breakdown below $80,000 could see BTC test $75,000, making Wednesday's Federal Reserve interest rate decision particularly crucial for near-term price action.
Bitcoin Market FAQs
Q: How significant are BlackRock's ETF inflows for Bitcoin's price?
A: Large institutional inflows typically indicate growing market confidence and can provide substantial buying pressure.
Q: What's driving institutional interest in Bitcoin now?
A: Factors include portfolio diversification, inflation hedging, and increasing recognition of Bitcoin as a legitimate asset class.
Q: How might the Federal Reserve decision impact BTC?
A: Hawkish policy could strengthen the dollar, temporarily suppressing BTC prices, while dovish signals might trigger a rally.
Q: Are long-term holders still accumulating Bitcoin?
A: Yes, on-chain data shows continued accumulation by long-term investors during price dips.
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Q: What's the significance of MicroStrategy's continued Bitcoin purchases?
A: Their consistent buying demonstrates corporate confidence in Bitcoin's long-term value proposition.
Q: How reliable are the $1 million Bitcoin price predictions?
A: While ambitious, these forecasts reflect growing institutional adoption and Bitcoin's fixed supply economics.
Note: All investment decisions should be based on personal research and risk assessment. Cryptocurrency markets remain highly volatile.