BlackRock’s Bitcoin ETF: IBIT Bearish Streak Extends to Two Months - What Wall Street Isn’t Telling You

BlackRock's Bitcoin ETF faces sustained skepticism as bearish momentum in IBIT marks its second consecutive month.

The Institutional Chill

Wall Street's flagship crypto product struggles to shake off negative sentiment despite Bitcoin's broader market resilience. Trading volumes tell a story institutions aren't eager to broadcast—professional money remains cautious even as retail investors pile in.

ETF Reality Check

IBIT's prolonged bearish trend reveals the gap between institutional adoption headlines and actual market behavior. Two months of consistent downward pressure suggests traditional finance still views crypto through a risk-aversion lens—quite the irony for an asset class built on disrupting risk models.

Meanwhile, the SEC probably considers this 'progress.'

IBIT's uptrend has stalled

IBIT’s price trend has stalled since July, failing multiple times to rise above the $70 level. Recently, it formed a "lower high" at $66, meaning the recent peak price was lower than the previous high NEAR $70.

This pattern signals weakening buying pressure and suggests that sellers are gaining strength. The formation of lower highs often indicates a potential downtrend or bearish momentum.