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📊 BlackRock Goes All-In on BTC & ETH Dip
On Aug 14, as BTC & ETH dropped over 5% due to hot US PPI data and uncertainty from the Treasury, BlackRock ETFs bought over $500M BTC and $500M ETH in a single day.
Total ETF inflows: $1B, with combined BTC & ETH spot ETF trading volume hitting $11.5B — on par with Apple stock.
BTC fell to $117.2K, nearly filling the CME gap, then bounced back above $119K.
Many traders believe selling pressure has cooled; holding $120K could open the door to “price discovery” and a new rally.
#Bitcoin Ethereum #ETF BlackRock #Crypto