{"id":2357,"date":"2026-07-06T18:15:32","date_gmt":"2026-07-06T18:15:32","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2357"},"modified":"2026-07-06T18:15:32","modified_gmt":"2026-07-06T18:15:32","slug":"bitcoin-surges-back-to-63739-as-blackrock-absorbs-81-million-worth-of-btc-in-minutes","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2357","title":{"rendered":"Bitcoin Surges Back to $63,739 as BlackRock Absorbs $81 Million Worth of BTC in Minutes"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

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A major shift in initiative has been recorded on the crypto market, breaking the negative trend of recent days. Until this morning, retail investors in BlackRock’s Bitcoin ETF had been actively dumping their shares, dragging the cryptocurrency’s price lower. <\/p>\n

However, official news about sales by Strategy triggered a strong market reaction, during which the fund sharply changed tactics and moved back into buying.<\/p>\n

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iShares Bitcoin Trust (IBIT) weekly net inflow since April 2026, Source: <\/em>SoSoValue<\/em><\/a><\/figcaption><\/figure>\n

The summer decline in prices led to IBIT posting more than $772 million in net outflows by early July, as per SoSoValue<\/a>while the structure’s total net assets fell to $44 billion. Against this backdrop, Bitcoin plunged from its spring highs to a local bottom near $59,000, leaving BlackRock in control of just over 3.5% of the cryptocurrency’s total global supply.<\/p>\n

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Bitcoin Plunges as Strategy Sells $225 Million Worth of BTC
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Binance XRP Scarcity Index Hits Highest Level Since 2024; 114 Billion Shiba Inu (SHIB) Flood Into Never-Seen-Before Wallet; Bitcoin Is the ‘US of Money,’ Strategy CEO Declares – Morning Crypto Report
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Institutional tug-of-war for BTC<\/h2>\n

The trigger for today’s U-turn by BlackRock, or more precisely by its clients, seems to be Strategy’s official report, as Michael Saylor’s company announced that last week it had sold almost $216 million worth of Bitcoin<\/a> to pay dividends on its securities. <\/p>\n

On this morning’s news, the price on exchanges immediately moved lower and broke through the local support level at $62,641.<\/p>\n

But it was precisely at this point that retail panic was met by institutional demand. BlackRock’s desk began absorbing the sudden sell-off volume through Coinbase Prime. <\/p>\n

\"Article
Bitcoin price action amid Strategy’s sales announcement and BlackRock’s acquisitions, Source: <\/em>TradingView<\/em><\/a><\/figcaption><\/figure>\n

The fund bought the dip through a series of targeted transactions of exactly 300 Bitcoin each and closed the deal with a large final block of another 1,000 coins, spending more than $80 million in total, as visible on Arkham’s graph<\/a>. <\/p>\n

Along the way, the fund also picked up another 7,500 Ethereum for its second fund, ETHA.<\/p>\n

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This aggressive purchase coincided with the actions of other major whales, which over the past few days collectively scooped up more than 270,000 BTC from the lows. As a result, prices on Bitfinex quickly returned to $63,739, while the relative strength index, or RSI, jumped to 65 points, confirming the return of buyers.<\/p>\n

The multi-day selling inside the ETF ended with a classic maneuver: the morning emotional sell-off created a discount that BlackRock<\/a> quickly used for an instant and profitable re-entry into the asset.<\/p>\n<\/p><\/div>\n

\ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

\ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. A major shift in initiative has been recorded on the crypto market, breaking the negative trend of recent days. Until this morning, retail investors in BlackRock’s …<\/p>\n","protected":false},"author":1,"featured_media":2358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-2357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2357"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2358"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}