BlackRock Solidifies Bitcoin Dominance with Massive BTC Purchase Amid ETF Competition

In a bold move underscoring its confidence in Bitcoin, BlackRock has significantly expanded its BTC holdings by acquiring 10,249 BTC (worth ~$970 million) in a single day. This strategic accumulation coincides with notable outflows from rival ETF providers—Fidelity, ARK Invest, and Grayscale—totaling over 3,400 BTC. BlackRock’s iShares Bitcoin Trust (IBIT) now holds nearly 599,000 BTC, reinforcing its position as the largest U.S. spot Bitcoin ETF by AUM. As of May 30, 2025, Bitcoin trades at 106,192.01 USDT, reflecting sustained institutional interest despite market fluctuations. This development highlights BlackRock’s bullish stance and could signal further institutional adoption of Bitcoin as a core asset class.

BlackRock Expands Bitcoin Holdings Amid ETF Rival Outflows

BlackRock made a decisive move in the bitcoin market, acquiring 10,249 BTC worth approximately $970 million in a single day. This accumulation comes as competing ETF providers—Fidelity, ARK Invest, and Grayscale—reported combined outflows exceeding 3,400 BTC.

The iShares Bitcoin Trust (IBIT) now holds nearly 599,000 BTC, cementing BlackRock’s position as the largest U.S. spot Bitcoin ETF by assets under management. On-chain data reveals the firm’s direct wallet holdings stand at 582,614 BTC, valued at over $55 billion.

While rivals grapple with investor withdrawals, BlackRock’s aggressive accumulation signals deepening institutional conviction in Bitcoin’s long-term value proposition. The divergence highlights shifting capital flows within the crypto ETF landscape.

3 Meme Coins With 50x Potential as Crypto Regulation Looms

Early-stage meme coins are capturing trader attention amid expectations of favorable U.S. crypto regulations. These high-risk, high-reward assets continue to deliver outsized returns, with three emerging tokens showing particular promise.

BTC Bull ($BTCBULL) stands out with its novel Bitcoin-linked reward mechanism, positioning itself as a gateway to Bitcoin maximalism. The project’s dual-revenue model could drive adoption among retail investors seeking exposure to both meme coin volatility and Bitcoin’s stability.

Whales Fuel Bitcoin’s Push to $100K Amid Investor Caution

Bitcoin’s march toward $100,000 is being driven by aggressive whale accumulation and sustained exchange outflows, yet underlying metrics suggest growing investor wariness. The cryptocurrency’s supply in profit now stands at 86.87%—approaching the 90% threshold that historically precedes market corrections.

Despite bullish momentum, warning signs flash through Bitcoin’s elevated NVT ratio and liquidation clusters. The current price of $95,062.32 reflects a fragile equilibrium, with the 75% profit supply level serving as critical support during the last pullback.

Market veterans recognize this pattern: euphoric rallies NEAR peak profit-taking thresholds often give way to sharp reversals. Whale transaction volume has surged, but whether this signals institutional conviction or distribution remains the pivotal question for BTC’s next move.

Bitcoin Price Steady Above Key Levels — Ready for a New Push Higher?

Bitcoin consolidates above the $94,000 support zone, signaling potential for another upward move. The cryptocurrency briefly tested resistance near $95,500 before retracing to find support above $93,850.

Technical indicators show BTC trading comfortably above its 100-hour moving average. A broken bullish trendline at $94,850 on hourly charts suggests short-term weakness, but the overall structure remains intact. Market participants watch for a decisive break above $95,500 to confirm the next leg higher.

The recent pullback found support near the 50% Fibonacci retracement level of the MOVE from $92,900 to $95,488. This healthy correction follows Bitcoin’s steady climb, with Kraken exchange data showing continued buying interest at key levels.

Bitcoin’s Funding Rate Divergence Signals Caution Amid Price Rally

Bitcoin has surged 12% in the past week, climbing from $74,000 to over $95,000, as short-term market sentiment shows signs of recovery. The rebound follows a prolonged period of correction and volatility, yet underlying metrics reveal lingering investor caution.

A notable divergence has emerged between Bitcoin’s price action and funding rates on perpetual futures contracts, as highlighted by CryptoQuant analyst ShayanBTC. Negative funding rates persist despite the rally, suggesting derivatives traders remain skeptical of the uptrend’s sustainability.

Italy Warns of Trump-Linked Crypto Rally Posing Systemic Risks

The Bank of Italy has flagged the recent cryptocurrency market surge following Donald Trump’s political resurgence as a potential threat to global financial stability. In its semiannual financial stability report, the central bank highlighted how Bitcoin and other speculative digital assets experienced sharp inflows after the U.S. administration signaled pro-crypto policies.

Roman officials expressed concern that increasing correlations between volatile crypto markets and traditional finance could create systemic vulnerabilities. The warning comes as institutional adoption grows despite ongoing price turbulence in the sector.