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Foresight News特邀专栏作者
2026-08-24 03:30
This article is about 2294 words, reading the full article takes about 4 minutes
Institutions Are No Longer Sitting on the Sidelines—BlackRock Bought Over $500M in a Single Day as Bitcoin Retreats After Testing $80K.
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- Core Takeaway: Bitcoin rapidly surged to around $79,500 within a week before pulling back to $76K. Institutional buying via ETFs (weekly inflows of $1.92 billion) has been the main source of support, but selling pressure overhead and short-term caution coexist, making the $80K mark the focal point of the bull-bear battle.
- Key Elements:
- Bitcoin climbed from $63K to nearly $80K in five days but faced resistance at $79,500, retreating to consolidate in the $76K range.
- Spot Bitcoin ETFs saw $1.92 billion in weekly inflows, the largest single-week inflow since October 2025, with BlackRock’s IBIT contributing over $500 million in a single day.
- The market saw approximately $550 million in leveraged positions liquidated within 60 minutes, with 24-hour liquidations totaling $1.8 billion, affecting over 286,000 traders.
- Analysts point to support at $75K, noting that billions in short positions sit above $80K awaiting liquidation, which could fuel further upside.
- Some traders, such as Simba, remain wary of short-term overheating and are unwilling to be “bag holders” at $79K, preferring to wait for a deeper pullback.
- Hashdex’s fund, measured by Bitcoin holdings, remains near all-time highs, indicating solid long-term institutional allocation intent, with USD-denominated asset volatility not affecting actual positions.
- Institutional capital entered with precise timing, coinciding with a short squeeze, which the market views as no coincidence—prompting a reassessment of upside potential.
Original Translation: AididiaoJP, Foresight News
Bitcoin’s price staged a rapid rally and pullback over the past week. After a five-day surge starting from below $63,000, it nearly touched the $80,000 round-number mark, but encountered significant resistance around $79,500, before retreating to consolidate in the $76,000 range.
Analyst account darlene.net posted on August 22, stating bluntly: “Bitcoin got rejected at $79,500, we almost touched $80,000. There’s a large pile of sell orders there, but the market will slowly eat through them and keep pushing higher.” This remark captures the core expectation of current bulls—as long as buying pressure persists, the overhead supply will eventually be absorbed.
Meanwhile, more direct positive news emerged on the capital front. Analyst Ted Pillows noted on the same day: “ETFs bought $1.92 billion worth of Bitcoin this week. That’s the largest single-week inflow since October 2025.” Data from Farside Investors shows that weekly inflows peaked on Thursday at $606 million, with a full $503 million of that coming from BlackRock’s IBIT. The concentrated influx of institutional capital has become the most solid pillar of support for this rally.
Institutions Aren’t Waiting
BlackRock’s buying pace has been particularly noteworthy. Account @nikonchain posted: “BlackRock clients accumulated over $500 million in Bitcoin in just one day.” This figure looks especially striking against the backdrop of net outflows totaling $385 million during several trading days in mid-August. Market sentiment quickly shifted as a result—”Institutions aren’t waiting.”
Hashdex co-founder Bruno Caratori further explained the logic behind this phenomenon on the “On The Margin” podcast: “Asset management firms and ETF issuers have existed for a long time. People in the US are very familiar with names like Fidelity, Vanguard, BlackRock, and there are more.” In his view, traditional financial institutions’ demand for Bitcoin allocation is not a fleeting whim but a continuation of a long-term trend.
Account @IgnacioAFCMO added more granular data: “Spot Bitcoin ETFs saw inflows of $517.19 million on Wednesday, the largest single-day inflow in three and a half months. Eight of the 12 ETFs recorded positive inflows, with BlackRock’s IBIT alone contributing $284.7 million.” This wave of inflows arrived just three days after a short squeeze, when Anthony Scaramucci was publicly eyeing $100,000. “Real money entered precisely as shorts were being forced to cover. Such timing is rarely a coincidence.” The precise entry of institutional capital has led the market to reassess the upside potential.
Support Is Now at $75,000
However, the rally has not been smooth. Tracking account Alerting.Guru estimates that as Bitcoin rapidly fell from $79,500 to around $77,000, approximately $550 million in leveraged crypto positions were liquidated within just 60 minutes. The 24-hour liquidation total reached $1.8 billion, affecting over 286,000 traders. darlene.net later commented: “This is already the third massive wave of liquidations.” The flushing out of highly leveraged longs in a short period has also noticeably intensified market volatility.
Swing trading account CRYPTID.Crypto viewed the pullback from a different angle: “There’s already been some profit-taking, which is good. We might see accumulation before the next leg up.” Earlier, Polymarket traders had assigned an 80% probability of reaching $80,000, and expectations around the round-number level have not fully faded despite the pullback. “Support is now at $75,000.” This assessment has become the key level most traders are watching.
The Bagholders at $79,000
As retail sentiment heats up, some veteran traders are beginning to exercise caution. Anonymous trader Simba posted with clear conviction: “Everyone is celebrating $79,000. I’m doing the exact opposite.” He directly pushed back against some retail investors’ enthusiasm for targeting $126,000, adding: “Once retail shows up in numbers again, I start paying attention. I’m not bearish on Bitcoin long-term. I just don’t want to be the bagholder at $79,000.” “Let others FOMO-chase the rally. I’ll wait for real bloodshed before adding longs.” This cautious stance reflects concerns among some capital about short-term overheating.
Transform Group founder Michael Terpin offered a longer-term observation from the perspective of whale behavior on the “On The Margin” podcast: “They tend to buy late. Usually they come back about four to six weeks after the bottom, because they’re still hoping for lower prices and don’t want to get caught by a selloff.” Whales’ entry timing often lags market sentiment, which also explains why some institutions are still on the sidelines.
I’d Be Happy at $80,000
Terpin further described the psychology of investors who bought near the highs: “They don’t want to be the exit liquidity for newbies who panic-buy at the top.” He simulated how such capital negotiates during drawdowns: “I’d be happy at $80,000—then suddenly it drops to $60,000, then bounces to $70,000. They think, my God, I got out at $70,000, thank goodness, I only lost 30%.” This back-and-forth psychological game often drives more violent volatility around key round-number levels.
Speaking about his own fund, Caratori offered data from another dimension: “When the price was at its peak, our assets under management were close to $1.7 billion—though AUM naturally fluctuates with price.” But he places more weight on the Bitcoin quantity itself: “In terms of Bitcoin holdings, our AUM is still at an all-time high.” This means that even if the dollar-denominated value has pulled back, the actual Bitcoin held by institutions has not decreased, and long-term allocation intentions remain solid.
Finally, darlene.net once again emphasized the potential fuel overhead: “There are billions of dollars in short positions above $80,000 waiting to be liquidated.” If ETF buying can steadily absorb the sell wall near $79,500, the forced covering of those short positions could well become the key force driving prices higher.
The market is currently caught in a multi-layered tug-of-war between institutional buying and technical resistance, short-term profit-taking and long-term allocation conviction. The sustained entry of giants like BlackRock has turned the $80,000 level from a “distant target” into a “within-reach” reality test. Whether capital can truly absorb the overhead supply will be the core variable determining Bitcoin’s next phase of direction.
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