BlackRock’s $970 million Bitcoin purchase on April 29, 2025, follows their earlier $600 million acquisition in January, as reported by Digital Watch Observatory, signaling a growing institutional appetite for Bitcoin as a hedge against economic instability, with their iShares Bitcoin Trust now holding over $58 billion in BTC.
This reflects a broader market sentiment where institutional investments, like BlackRock’s, are driving bullish trends, though web data from Investopedia notes recent $332.6 million outflows from the same ETF, highlighting market volatility and profit-taking risks.
Technical indicators like MACD and RSI are flagging short-term overbought conditions, aligning with Investopedia’s explanation of these tools, suggesting Bitcoin’s price may face a correction despite strong institutional demand and ETF inflows tightening supply.
