BlackRock’s Billion-Dollar Bet: Bitcoin, Ether, and the Art of Buying the Dip

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Key points:

  • BlackRock’s Bitcoin and Ether ETFs casually splashed over $1 billion Thursday-because who doesn’t love a little chaos while prices plummet 5%? 🎢

  • Investors are flocking to “buy the dip”-a strategy so old it’s practically a family tradition, now immortalized in charts and dread.

  • Bitcoin has almost sneakily filled its latest CME futures gap, just shy of $17,200-like a teenager sneaking back inside just before mom notices.

Bitcoin (BTC) hovered around $119,000 into Friday’s Wall Street opening, as if trying to look nonchalant while everyone watches for that institutional magic trick. 🧙‍♂️

BlackRock Buys the Dip as Liquidations Pass $500 Million-Because Why Not?

Crypto’s favorite data nerds-CryptoMoon Markets Pro and TradingView-showed BTC/USD guarded the daily open like a cat with a new toy, even as support levels were dozing off. 😺

A cocktail of US PPI inflation and mixed signals from Treasury Secret Squirrel Scott Bessent spun Bitcoin into a dizzy spin, dropping a swift 5%-going from “I got this” to “Oops, maybe I don’t.” with lows near $117,200.

Meanwhile, CoinGlass reports liquidations in the crypto realm north of $1 billion-because who needs sleep when there’s money to lose, right? 💸

While longs flung themselves off the digital diving board, one giant bank-BlackRock-decided to wade in. Its iShares Bitcoin Trust (IBIT) bought over $500 million worth of BTC-because none of this “bottoming out” stuff concerns the billion-dollar baby.

And its Ether sibling did the same-like a sibling stealing the last cookie, but with blockchain instead of crumbs. 🍪

Crypto traders-those brave souls with too much time and too much caffeine-noticed this buy-in frenzy. BitBull, a trader of dubious renown, called it “BlackRock going all in,” and promised that this was no ordinary “dip”-it’s an “opportunity to panic, or perhaps buy a yacht.” 🚤

Bloomberg’s ETF analyst Eric Balchunas crunched the numbers-Thursday’s volume for BTC and ETH ETFs was $11.5 billion, which he wittily compared to Apple’s stock volume (because who doesn’t love a tasty Apple?) 🍎

Bitcoin Chomps at the $117,000 CME Gap-And Possibly Eats the Whole Sandwich

Optimism brewed from Bitcoin’s latest local low at $117,200. Crypto trader Ted Pillows (yes, that’s his real name, no, I didn’t make this up) declared victory-saying “the worst is over,” and a new rally is just around the digital corner.

Crypto moon enthusiasts pointed out that this level is a “significant flip”-like a pancake turning from raw to breakfast hero. 🥞

“Bitcoin is recovering from the post-PPI panic,” said Jelle, who’s probably better at chart reading than most weather forecasters. “Support level held, CME gap is 75% filled, and $120,000 is the new support zone-once that’s conquered, it’s “price discovery” time!”

Daan Crypto Trades suggested keeping an eye on that CME gap-because in crypto, the gaps have a way of deciding whether to be the finish line or just a pit stop.

And so the crypto saga continues-filling gaps, buying dips, and making traders wonder if they should sleep, or just stay glued to their screens until the next rollercoaster loop.

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2025-08-15 16:28