rajatsonifnance on Nostr: Blackrock's Bitcoin ETF, IBIT, now holds 274,462 BTC, THE SAME as the last trading ...

Blackrock's Bitcoin ETF, IBIT, now holds 274,462 BTC, THE SAME as the last trading day

This is the first time IBIT had $0 inflow after 71 straight days of positive numbers

Is Bitcoin dead?

No

I guarantee that most people buying IBIT are retail investors

Retail investors don't buy when the price is moving sideways - they base their decisions on emotions

If BlackRock clients were institutional investors, they would be buying the dip

So that means...

1) We got to 73k WITHOUT most institutional investors even caring

2) Blackrock clients aren't selling... meaning they're holding? How long is their holding period?

We'll see what happens over the next few days

Until then, enjoy buying Bitcoin at the $60K level and potentially below!

This makes me happy because I get to continue buying low