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

BlackRock's Bitcoin ETF faces sustained skepticism as IBIT's bearish sentiment enters its second consecutive month.

The Institutional Chill

Wall Street's flagship crypto product struggles to shake off negative momentum despite Bitcoin's broader market resilience. Institutional flows tell a story of cautious hesitation rather than the explosive adoption many predicted.

Behind the Numbers

Two months of consistent bearish positioning in IBIT reveals deeper structural concerns about traditional finance's embrace of digital assets. The pattern suggests institutional players remain wary of crypto's volatility—even when wrapped in BlackRock's respectable packaging.

Market Realities vs. Wall Street Narratives

While ETF proponents promised seamless institutional adoption, the prolonged bearish streak highlights the gap between financial product creation and genuine market confidence. Sometimes the most sophisticated investment vehicles still can't outperform simple market psychology.

As traditional finance learns what crypto natives understood all along: you can package volatility in a prospectus, but you can't sanitize market sentiment with paperwork.

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.