🔥 BlackRock just pulled in 115% of all Bitcoin ETF inflows in a single day as rival funds bleed cash — BlackRock pulling in 115% of all Bitcoin ETF inflows in a single day signals massive institutional demand, directly driving BTC price action.
Yaar, today’s crypto news was really fun to watch. BlackRock alone managed to absorb 115% of the total Bitcoin ETF inflows—meaning while money was being pulled out of the rest of the funds, it left them far behind. This shows big institutions are still accumulating BTC, and that’s exactly what has the power to push price higher.
Now let’s talk about the chart: price is currently at $77,744, just above the pivot at $77,678. This pivot is a crucial level—if it holds, then resistance at $78,052 and then a move toward $81,478 could open up. But if this pivot breaks, support is at $76,670, from where a bounce is expected. RSI is at 43, meaning the market isn’t overly overbought or oversold—it’s just consolidating sideways. Volume is slightly above average, but there’s still no big spike showing up.
I think BlackRock’s move is a strong signal, but in the short term the market is still confused. Let’s see whether price settles above the $77,678 pivot or not. If it holds, we could see a move up to $78,500. If not, a retest of $76,700 is possible. What do you think—will this institutional buying push price past $80K, or will there be another dip first? Comment and let me know!
#Trading #Binance #Bitcoin #Crypto #MarketAnalysis
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Disclaimer: My personal analysis, not financial advice. DYOR.
Yaar, today’s crypto news was really fun to watch. BlackRock alone managed to absorb 115% of the total Bitcoin ETF inflows—meaning while money was being pulled out of the rest of the funds, it left them far behind. This shows big institutions are still accumulating BTC, and that’s exactly what has the power to push price higher.
Now let’s talk about the chart: price is currently at $77,744, just above the pivot at $77,678. This pivot is a crucial level—if it holds, then resistance at $78,052 and then a move toward $81,478 could open up. But if this pivot breaks, support is at $76,670, from where a bounce is expected. RSI is at 43, meaning the market isn’t overly overbought or oversold—it’s just consolidating sideways. Volume is slightly above average, but there’s still no big spike showing up.
I think BlackRock’s move is a strong signal, but in the short term the market is still confused. Let’s see whether price settles above the $77,678 pivot or not. If it holds, we could see a move up to $78,500. If not, a retest of $76,700 is possible. What do you think—will this institutional buying push price past $80K, or will there be another dip first? Comment and let me know!
#Trading #Binance #Bitcoin #Crypto #MarketAnalysis
--
Disclaimer: My personal analysis, not financial advice. DYOR.
