According to TheMarketPeriodical, BlackRock purchased over $160 million in Bitcoin and Ethereum this week via Coinbase Prime, according to traders on X. The inflows followed the firm’s CEO consulting Michael Saylor at the Bitcoin bear market bottom. Bitcoin price held near $90,000, with analysts noting it faced a final resistance level before a potential move to $100,000. Market structure showed forced-selling pressure easing after November’s drop, and Bitcoin’s Net Realized Profit and Loss (NRPL) returned to equilibrium, indicating a rare market reset. Analysts suggested the market now awaits confirmation of whether demand can reclaim control.
BlackRock's $160M Bitcoin and Ethereum Buy Sparks Market Analysis
TheMarketPeriodicalShare
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