BlackRock Swallowed It All! Bitcoin's Frenzied Accumulation, Even Strategy Poured In $2.5 Billion!

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With spot (physical) exchange-traded funds attracting an astronomical $2 billion in institutional funds in just 8 days, coupled with the relentless coin accumulation by giant corporations, Bitcoin (BTC) has entered a countdown to break through the formidable psychological resistance level of $80,000.

According to the investment media TradingNews on April 24 (local time), the spot Bitcoin fund market has recorded net inflows for 8 consecutive trading days, surpassing a total of $2 billion, showing the best capital accumulation rally of 2026. Among these, BlackRock's product swept $1.4 billion, monopolizing 73% of the total inflows. This fund currently holds 809,870 Bitcoins, dominating 62% of the total spot fund assets, and has established itself as a major investment vehicle boasting a market capitalization of $5.3 billion.

Not to be outdone by the formidable appetite of institutions, the giant corporation Strategy also embarked on a large-scale shopping spree. Strategy invested $2.54 billion to acquire 34,164 Bitcoins in one go, increasing its total holdings to 815,061. This significant inflow of smart money instilled strong confidence in investors that the recent price drop was not the start of a bear market but a perfect opportunity to buy at a low, driving Bitcoin's market dominance above 60%.

Conversely, as funds concentrated in Bitcoin, the altcoin market experienced a relative sense of deprivation. The positive trend in Ethereum (ETH) spot ETFs, which had continued for 10 consecutive days, was broken, turning into an outflow of $75.9 million. XRP (Ripple), which targets the global payment market, is also struggling around $1.45, watching the flagship cryptocurrency's solo run.

Currently engaged in a fierce tug-of-war around the $77,638 mark, Bitcoin also has macroeconomic tailwinds. News of President Donald Trump's extension of the Iran ceasefire and the increasing likelihood of market-friendly Kevin Warsh as the next Federal Reserve chairman are injecting positive sentiment into the broader risk asset market. However, there is also considerable caution, suggesting that if the thick resistance line of $80,000 is not broken through at once, it could once again fall into a deep sideways trend.

Experts analyzed that only if Bitcoin perfectly breaks through $80,000 on a daily closing basis will the path open up for an ascent to the 200-day moving average located at $85,000. The media advised that in overheated periods like the current one, it is wise to refrain from aggressive chase buying and instead adopt a tactical, staggered buying approach, calmly accumulating quantities in the spot market by utilizing the support range of $74,000 to $76,000 for Bitcoin.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*