BlackRock just loaded up on crypto, pulling in 3,741 Bitcoin valued at $272.5 million and 41,075 Ethereum worth $92.1 million from Coinbase Prime in a single hour.

Institutional Appetite Grows

This influx mirrors the aggressive buying BlackRock executed last quarter, when spot ETF inflows topped $15 billion amid regulatory green lights. Traders eye this as a vote of confidence, especially after Ethereum's network upgrades stabilized volatility over the past six months.

Technical Confluence on BTC's 4H Chart

Bitcoin presses against the upper Bollinger Band at $73,485, riding a bullish MACD golden cross with histogram strength at 878, while the RSI hovers neutrally at 70—suggesting room for extension before exhaustion. Price action finds confluence above the 50-EMA support at $69,940 and the rock-solid 200-EMA at $68,930, positioning for a potential thrust higher if volatility holds inside the bands, though a quick dip to lower support near $69,257 could refresh momentum for institutional buyers chasing the trend.

Analysts link these moves to broader crypto ETF trends, boosting liquidity across exchanges.