Julio Moreno, head of research at Cryptoquant Another x post This, as of 2025 until now, Bitcoin exchange boxes (ETFS) showed a strong trend.
According to the aforementioned data, ISHARES Bitcoin Trust (IBIT) has gradually increased from Blackrock, while most of the other Bitcoin investment funds show decreased quantities.
The uncertainty in the market is created from the different ETF strategies in Blackrock
The graph below shows the general change in Bitcoin’s possessions of various Cryptoquant investment funds. The crowd Ibit BlackrockIt is characterized by a significant increase of 19,514.4 BTCs in its wallet.
On the other hand, other traded investment funds, including higher names such as GBTC from GRYSCAE, have seen negative changes in their BTC reserves. It was the largest external flow of GBTC, with approximately 15256.6 BTCS. FBTC, BRRR, BTCO and BitB have also witnessed a degree of some degree Bitcoin Selling operations.
Giulio Moreno said that although Blackrock clearly buys Bitcoin, the rest of the ETF market players are already retreating. According to him, this causes the demand for bitcoin to stagnant.
Establishment episodes are clear in the investment funds circulating in Bitcoin
Experts believe that the purchase pattern showed by the Bitcoin’s investment funds is a decisive change in institutional feelings, and Blackrock’s support for bitcoin may be part of the long -term investment plan.
However, other external flows can be the result of investor profits or a change in the fund’s strategy. Bitcoin ETF data also works as a reminder that only a few main players have continued to have a more important impact on the market despite the increasing interest of many institutional investors.
Lack of support for ETF keeps the growth of Bitcoin is uncertain
The graph from the Cryptoquant and Moreno analysis emphasizes the importance of a variety of participation between the investment funds circulating in Bitcoin and a reasonable amount of demand in the market surrounding this product.
If the trend continues as is the case now, as only one main ETF accumulates while selling other traded investment funds, it may create a defect that may threaten BitcoinInvestor stability and confidence.
Bitcoin is traded at $ 84,953.64, and still is 22 % of its highest level ever, according to Coinmarketcap. With a price that does not seem to move a lot, this only indicates that the market players may take their time to monitor the actions of institutional players.
The height caused by Blackrock, after the aggressive Bitcoin accumulation, shows how the Bitcoin path is now dependent on both the broader ETF activity and investor morale.
Without more institutions that enter stability originally, Bitcoin can continue in this range that lacks the momentum necessary to get out of it.
