BlackRock has made another major move into the crypto market.
Over the past two days, the financial giant reportedly acquired 11,098 BTC worth approximately $852 million and 132,769 ETH worth around $316 million.
That’s more than $1.1 billion in $BTC and $ETH accumulated in just 48 hours.
Institutional demand is clearly something worth watching. 👀
But always keep this in mind: for large funds, timing is more important than the entry price!
They accumulate gradually and sell gradually.
Over the past two days, the financial giant reportedly acquired 11,098 BTC worth approximately $852 million and 132,769 ETH worth around $316 million.
That’s more than $1.1 billion in $BTC and $ETH accumulated in just 48 hours.
Institutional demand is clearly something worth watching. 👀
But always keep this in mind: for large funds, timing is more important than the entry price!
They accumulate gradually and sell gradually.