BlackRock: Buys $250M BTC After Sales
BlackRock acquires $250M BTC after two weeks of selling as price sits at $61668.56 with bearish EMA structure on 4h chart.
SourceAnalysis
BlackRock acquired $250M in BTC over the last two days after daily sales for more than two weeks, marking a clear reversal in the largest institutional flow on record.
BTC trades at $61668.56 beneath the EMA50 at $62344.38 and EMA200 at $64184.94, locking in the bearish trend structure while MACD registers a death cross at 90.65. Price tests the lower Bollinger support at $61937.45 with RSI at 39.64 leaving room for further downside before any bounce, yet sustained BlackRock Bitcoin purchases could anchor bids near that level and shift crypto market sentiment faster than BTC technical analysis models currently price in.
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