BlackRock recently made a big move, increasing their holdings by 3,198 BTC and 5,114 ETH at once. Looking at these numbers, it's clear why Bitcoin and Ethereum have been able to rebound so strongly recently. Institutional investors' buying indeed can boost market sentiment. However, to be honest, whether the market can continue to rise mainly depends on whether more funds can be attracted to enter. Only when the market maintains an upward trend will investors have the confidence to add positions; this is the basic logic of the market. From BlackRock's recent actions, it shows that large institutions still have confidence in mainstream cryptocurrencies.

BTC-2.23%
ETH-3.7%
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GateUser-9f682d4cvip
· 01-07 08:51
BlackRock is buying the dip again? Having money really makes you reckless, swallowing over 3,000 Bitcoins in one go.
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PonziDetectorvip
· 01-07 08:51
BlackRock's move is basically setting an example for retail investors. Do they really think that institutional buying alone can keep prices rising? I'm skeptical.
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IfIWereOnChainvip
· 01-07 08:42
BlackRock's move is indeed quite aggressive, but I still want to see how much retail investor funds can be attracted in the follow-up. Relying solely on institutions to drive the market always feels like something is missing.
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AllInDaddyvip
· 01-07 08:31
BlackRock's move... turns out it's still up to big institutions to rescue the market.
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LightningClickervip
· 01-07 08:22
BlackRock's move is indeed aggressive, but the real situation might be much more complicated than what the article suggests.
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