BlackRock has added approximately $900 million worth of $BTC to its holdings, coinciding with a notable decline in selling activity from long-term holders. Data shows that distribution from long-term investors has fallen to levels last seen in 2017, indicating reduced sell-side pressure and a potential shift toward accumulation across the market.
The combination of institutional inflows and restrained long-term selling suggests improving confidence in Bitcoin’s long-term outlook. BlackRock’s allocation reflects a broader trend of large asset managers incorporating #Bitcoin into diversified portfolios, while on-chain behavior points to tighter supply conditions that could influence market dynamics in the months ahead. #BlackRock #blackRock #bitcoin #BinanceSquare