BlackRock’s Bitcoin ETF Sees 2660 BTC Inflow, Institutional Interest Surges

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has seen a significant surge in inflows, reaching its highest level in six weeks. The ETF recorded an influx of 2,660 BTC, valued at approximately $217.26 million, in a single trading session. This substantial increase in inflows indicates a renewed interest from institutional investors, who are closely monitoring whether this demand will propel Bitcoin towards the anticipated $90,000 level or if current market resistance will hinder its recovery.

Trading activity around IBIT also spiked to $1.6 billion, reflecting heightened investor confidence. The sharp increase in trading volume suggests that market participants are closely watching Bitcoin’s price movements. This renewed enthusiasm raises the question of whether this momentum will help Bitcoin reclaim the $90,000 level or if ongoing resistance and broader market conditions will stall its recovery in the short term.

Despite Bitcoin’s price volatility, long-term holders continue to accumulate BTC during market dips, demonstrating their confidence in the asset. On-chain data reveals that institutional and long-term investors have acquired 167,000 BTC, valued at $14 billion, over the past month. This trend indicates strong belief in Bitcoin’s long-term growth despite short-term fluctuations.

Further bolstering institutional demand, MicroStrategy plans to raise $500 million to purchase additional Bitcoin, reinforcing its position as a leading corporate BTC holder. The company intends to issue 5 million shares of its 10.00% Series A Perpetual Strife Preferred Stock, each valued at $100. Large-scale institutional buying could stabilize Bitcoin’s price trajectory amid market fluctuations and mitigate downside risks.

Despite the positive inflows, Bitcoin has yet to break above $83,000, facing strong resistance at key levels. Analyst Ali Martinez notes that Bitcoin recently encountered rejection at the 200-day Simple Moving Average (SMA) at $84,000, a crucial level determining bullish or bearish momentum. Another hurdle lies at the 50-day SMA level of $91,000, making the path to $90,000 uncertain.

If Bitcoin fails to remain above $80,000, analysts predict a possible drop to $75,000 or lower, as selling pressure could trigger further declines. A break below this level may intensify bearish sentiment, leading to deeper corrections. Overcoming resistance at $84,000 and $91,000 is essential for a sustained bullish breakout, allowing Bitcoin to reach new highs and potentially establish an upward trend.

Several macroeconomic factors influence crypto market trends. One significant factor impacting Bitcoin’s future is the Federal Reserve’s interest rate decision, which could affect risky assets like Bitcoin. Any changes in monetary policy could trigger market volatility, shaping investor sentiment in the coming weeks.

Additionally, the Trump tariff battle has contributed to Bitcoin price swings, increasing uncertainty and speculation. Despite these challenges, Bitwise CIO Matt Hougan remains bullish, predicting that Bitcoin could eventually reach $1 million. This sentiment is shared by many long-term investors who view Bitcoin as a hedge against economic instability.

The resurgence in BlackRock Bitcoin ETF inflows underscores renewed institutional interest, emphasizing Bitcoin’s role in the digital economy. However, strong resistance levels at $84,000 and $91,000 remain key barriers before Bitcoin can reclaim $90,000 and maintain an upward trajectory.

Whether Bitcoin breaks out or faces another correction depends on institutional demand, macroeconomic factors, and Federal Reserve decisions, which will set the stage for Bitcoin’s next significant move. For now, investors should brace for persistent volatility as Bitcoin navigates an uncertain path forward.