BlackRock adds more than $3.16B in BTC and ETH over eight straight sessions

AI Market Summary

Lookonchain data indicates BlackRock has accumulated roughly 27,722 BTC (~$2.2B) and 385,633 ETH (~$961M) over eight consecutive sessions, signaling sustained institutional demand for major crypto assets. Persistent large-scale buying can tighten liquid supply and improve near-term market depth and sentiment, while reinforcing the role of spot-vehicle flows as a key driver of BTC and ETH price action.

Impact level

● High

Affected assets

BTC/USDT+3.10%

AI Insight · BTC/USDTAI Insight

▲ Bullish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Blockchain tracker Lookonchain reports that BlackRock has been building positions in Bitcoin and Ether for eight consecutive trading days. Over the period, it accumulated 27,722 BTC (about $2.2 billion) and 385,633 ETH (about $961 million), bringing the combined total to roughly $3.161 billion.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.