Institutions fear of missing out! BlackRock swept 1 billion euros in BTC, is a new wave of big bull about to come?

BlackRock's heavy accumulation of BTC

Block chain information company Arkham disclosed on social media platform X on December 4, 2024 that BlackRock, the world's largest asset management company, has recently made a large-scale purchase of BTC. According to Arkham, the company has purchased $1 billion worth of BTC in the past 3 days. This major move immediately attracted high attention from the cryptocurrency market, highlighting not only the interest of institutional investors in digital assets, but also interpreted by the market as a strong statement of confidence in the future of BTC.

Image source: Arkham Bayard bought $1 billion worth of Bitcoin a few days ago.

In recent years, as the world's largest asset management institution, BlackRock's investment strategy has always been highly regarded. This large-scale purchase of BTC is seen as an important milestone in institutional investors gradually accepting Cryptocurrency. Analysts point out that BlackRock's move may not only bring significant market demonstration effects, but also attract more traditional Financial Institutions to follow suit, accelerating the mainstreaming process of encryption assets. It is worth noting that in the past week, enterprises in various industries such as healthcare and finance have shown a strong interest in encryption assets, demonstrating a fundamental shift in institutional investors' attitude towards this emerging asset class.

crypto world capital flow shows an obvious buying trend

In addition to the large-scale buying action at BlackRock, Cryptocurrencyexchange has also shown a recent trend of net outflows of funds. According to Coinglass data, there has been a capital outflow of $963 million since December 1, 2024. In the Cryptocurrency market, fund outflows are often seen as investors transferring assets from the exchange to personal Wallets, a phenomenon that is usually interpreted as investors being optimistic about future market trends, and the drop in selling pressure releases upward momentum.

Image source: Coinglass Since the beginning of the month, exchange has seen an outflow of $9.63.

Since November 11, 2024, the BTC price has been in a consolidation range, which has attracted continuous attention from Whales, institutions, and retail investors. This morning, BTC finally broke through $100,000, rising 7.5% in the past 24 hours. In addition, the significant increase in volume indicates that the interest of market participants is continuously increasing, and investors' confidence in the cryptocurrency market is gradually returning.

The upward trend not only reflects the confidence of institutional investors, but also indicates that the Cryptocurrency market is gradually entering a mature stage. The large-scale investments of institutions such as BlackRock and MicroStrategy, combined with the active signals of market capital flows and technical aspects, all indicate that Bitcoin may soon usher in a new round of Bull Market. For Cryptocurrency investors who have been waiting for a long time, this is undoubtedly an exciting signal, symbolizing that Crypto Assets are steadily moving towards the mainstream financial industry.

[Disclaimer] The market carries risks, and investments should be made with caution. This article does not constitute investment advice, and users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

『Institutional fear of missing out! BlackRock sweeps 1 billion pounds of Bitcoin, is a new wave of major bull about to come?』This article was first published in the 'encryption city'.