🚀 Bitcoin Nears ATH Again: BlackRock’s ETF Gobbles Up 700K BTC – Time to Buy?

Bitcoin flirts with record highs as institutional demand explodes. BlackRock's spot ETF now holds a staggering 700,000 BTC—enough to make a goldbug sweat.

The institutional FOMO is real

Wall Street's crypto embrace isn't slowing down. While retail investors debate whether to buy, BlackRock's ETF keeps vacuuming up coins at a pace that would make Scrooge McDuck blush.

Liquidity crunch incoming?

With 3.3% of Bitcoin's total supply now locked in a single ETF, traders wonder when the music stops. Meanwhile, traditional finance execs still call it a 'fraud' between martini lunches.

This isn't your 2017 crypto market anymore. The big players are here—and they're playing for keeps.

BLACKROCK'S #IBIT NOW HOLDS OVER 700,000 $BTC

THAT’S A WHOPPING 56%+ OF ALL US SPOT BITCOINETF ASSETSpic.twitter.com/2zXrt6MaMt

— BITCOINLFG® (@bitcoinlfgo) July 8, 2025

. The next largest ETF in the list is Fidelity’s Wise Origin bitcoin Fund (FBTC) with assets under management of $12 billion.

As more institutional investors are drawn to Bitcoin, the number of tokens that will be in control of asset management companies will rise, as most of the buying will likely occur through regulated vehicles like ETFs.

Moreover, large investment accounts like 401(k)s and IRAs in the U.S. can now also add Bitcoin through these regulated instruments. This opens up significant new streams of capital that will FLOW toward the top crypto and that could propel its price back to its all-time high and beyond.

You can't be bearish on $BTC.

Highest weekly close ever.

MACD bullish cross similar to Q4 2024.

A new ATH is just a matter of when, not if. pic.twitter.com/uRkQFvMdWA

— Ted (@TedPillows) July 8, 2025

Analyst Ted Pillows shared a chart that analyzes historical setups that have played out favorably for BTC. This pattern has repeated lately as the token has hit a new price record.

Pillows emphasized that the MACD, a momentum indicator, has sent a buy signal upon crossing the signal line. The combination of these two signals supports a bullish outlook for Bitcoin.

BTC Could Rise to $140K If This Pattern is Confirmed

Looking at Bitcoin’s daily chart, a huge bull flag has emerged as a result of the latest price action that could result in significant gains in the mid-term.

Flag patterns are continuation setups that, when confirmed, indicate that the previous trend will resume as soon as the market consolidates for a bit.

Consolidation patterns emerge as early buyers who benefited from the initial uptrend progressively sell their tokens to lock in profits. The market is moved by deep-pocketed investors and institutions primarily. They can’t dump billions in a single day, as the price of the asset will plummet.

Hence, they sell progressively throughout multiple days. This is what seems to be happening to Bitcoin at the moment.

However, once these players have locked in profits, late buyers show up to scoop up the price at this lower level, and they tend to MOVE back in when they see that buying interest is rising again.

The flag’s pole tends to be used by analysts to estimate how high the price could go if the asset breaks out of the pattern. In the case of BTC, the token surged by 48% during its latest uptrend.

So, if BTC rises by a more conservative magnitude of 30% from where the upper bound of the flag stands at the time,

As the top crypto rises to new heights, the top crypto presales linked to it, like Bitcoin Hyper, will deliver significant gains. This project has a big goal – unlocking the untapped potential of Bitcoin’s dormant DeFi ecosystem.

Bitcoin Hyper (HYPER) Rises More than $2M to Launch Its Powerful L2 Chain

Bitcoin Hyper (HYPER) is an ambitious project that aims to create a bridge between the Bitcoin and solana networks to tap into the latter’s scalability and efficiency to unlock the $2 trillion DeFi ecosystem of the former.

Users will manage to stake, lend, and make payments with their BTC tokens without leaving the Bitcoin blockchain with the help of the Bitcoin Hyper L2.

The project has a designated Bitcoin wallet address to which investors will send their BTC tokens. Then, smart contracts will automatically mint the corresponding amount of Bitcoin on the Hyper L2 to give holders access to its growing BTCFi ecosystem.

Once this protocol gains popularity,

To buy $HYPER, head to the Bitcoin Hyper website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to make your investment.

Buy Bitcoin Hyper Here

The post Best Crypto to Buy: Bitcoin Hovers NEAR All-Time High as BlackRock ETF Amasses 700,000 Tokens appeared first on icobench.com.