BlackRock lowers the threshold for transferring self-custodied Bitcoin into IBIT from $25 million to $1 million—a 25x reduction. Previously, the minimum in-kind deposit amount was limited to super whales; now, participation is possible at the million-dollar level. This effectively opens a wider funding channel for institutions and individuals holding BTC.
This move itself is not a trading strategy, but it signals continued institutional appetite to accumulate BTC. With BTC currently at 80,096, up 2.1% in the past 24 hours, the price is still within the range driven by ETF subscription demand. If IBIT subsequently shows sustained net inflows, around 80,000 may become a reference support level in the short term.
#BTC
This move itself is not a trading strategy, but it signals continued institutional appetite to accumulate BTC. With BTC currently at 80,096, up 2.1% in the past 24 hours, the price is still within the range driven by ETF subscription demand. If IBIT subsequently shows sustained net inflows, around 80,000 may become a reference support level in the short term.
#BTC