BlackRock's Institutional Buying Boosts Bitcoin to New Heights
In recent days, Bitcoin has been consolidating around $78,000 after facing rejection at $81,265.
The cooldown offered institutional investors another opportunity to accumulate, and BlackRock-linked ETF wallets took advantage of this trend.
They accumulated 3,620 BTC worth $282 million from Coinbase Prime, signaling a surge in institutional demand.
Spot Bitcoin ETFs also recorded $232 million in Net Inflows on August 26, with BlackRock leading the charge with $200 million in inflows.