BlackRock’s Bitcoin ETF has recorded its strongest inflows in six weeks, signaling renewed institutional interest in the market. On Tuesday, the fund added 2,660 BTC, valued at $217 million, following a period of steady outflows.
Bitcoin Demand Rebounds as Institutions Accumulate
Long-term holders continue to accumulate, with on-chain data showing a staggering 167,000 BTC—worth approximately $14 billion—added in the past month. Meanwhile, trading activity around IBIT surged, reaching $1.6 billion in volume, reflecting growing investor confidence.
Market Outlook: Can Bitcoin Break $90K?
Despite inflows picking up, Bitcoin remains below $83,000 after facing rejection at the 200-day SMA around $84,000. Analysts suggest the 50-day SMA at $91,000 is another key resistance level. A break above these could push BTC higher, while a drop below $80,000 may lead to further downside toward $75,000.
With a key Federal Reserve interest rate decision approaching, traders are watching closely to see how it impacts Bitcoin’s trajectory in the coming weeks.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
