BlackRock snags 1.97K BTC as inflows hit 6 days: Why Bitcoin’s $87K remains out of reach

etf

BlackRock’s spot Bitcoin ETF reportedly added approximately 1,970 BTC, extending net inflows to six consecutive days and signaling continued institutional demand. However, the buying has not been sufficient to overcome broader selling pressure and resistance near the $87,000 level. Bitcoin’s inability to sustain a breakout suggests that liquidity, profit-taking, or derivatives positioning remain limiting factors despite ETF inflows.

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