BlackRock: Buys 27,722 BTC and 385,633 ETH in Eight Days

BlackRock purchased 27,722 BTC worth $2.2B and 385,633 ETH worth $961M across eight consecutive trading days.

Institutional flows of this scale have shaped BTC price prediction models throughout the past year while traders monitor whether sustained buying prevents any crypto market crash scenario.

Price sits at $79,824.37 inside the Bollinger band with upper resistance at $80,172.6 and lower support at $77,901.27; the EMA50 at $75,921.51 and EMA200 at $69,067.99 continue to act as layered support beneath a bullish structure even as the MACD death cross at 823.62 signals short-term momentum loss and RSI at 63.67 remains neutral, pointing to a probable healthy retracement toward the 50-EMA before continuation.