BlackRock Adds $900M in Bitcoin as Long-Term Selling Hits 2017 Lows
Reports indicate that BlackRock has added $900 million in Bitcoin to its holdings. This development coincides with a decrease in long-term holder selling, reaching levels not seen since 2017. The reduction in selling pressure from long-term holders, coupled with BlackRock's increased investment, suggests potential accumulation trends in the Bitcoin market. These factors may signal a shift in market dynamics as long-term investors appear to be holding onto their assets while institutional interest grows.
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