qwant news | ’It’s Time’—Bitcoin Suddenly Braced For Price Shock After Surprise BlackRock Flip

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Bitcoin surged nearly 30 percent in the second quarter of 2026, climbing back toward $80,000 after hitting a recent low of $60,000, as institutional buying accelerated: Michael Saylor’s Strategy vehicle snapped up over 34,000 BTC for $2.5 billion—its third‑largest purchase ever—briefly surpassing BlackRock’s IBIT fund as the largest institutional holder, while Bitcoin ETFs added another 56,000 coins and “whale” investors accumulated about 45,000 BTC, the biggest single‑week haul since July 2025. Analysts note that funding rates have fallen to February‑level lows while open interest rises, creating conditions ripe for a short‑squeeze and a potential breakout, a view echoed by macro‑investor Dan Tapiero, who expects higher highs ahead.

Read more: https://www.forbes.com/sites/digital-assets/2026/04/22/its-time-bitcoin-suddenly-braced-for-price-shock-after-surprise-blackrock-flip/

#Bitcoin #BlackRock #FederalReserve #MichaelSaylor #Strategy #ElonMusk #VetleLunde #DanTapiero

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bing news | ‘It’s Time’—Bitcoin Suddenly Braced For Price Shock After Surprise BlackRock Flip

AI generated summary, Read the full article for complete information.

Bitcoin has surged about 30 % in the second quarter of 2026, climbing from a recent low of $60,000 toward the $80,000 level as traders anticipate a possible breakout. The rally was spurred by Michael Saylor’s Strategy vehicle purchasing over 34,000 BTC for $2.5 billion—its third‑largest buy on record—enough to briefly surpass BlackRock’s iShares Bitcoin Trust as the largest institutional holder since early 2024. Meanwhile, Bitcoin ETFs and “whale” investors (those holding 100–10,000 BTC) have added roughly 45,000 BTC in the past week, the biggest single‑week accumulation since July 2025, while funding rates have fallen to near‑February lows. Analysts suggest this combination of strong institutional buying, low funding rates, and rising open interest raises the likelihood of a short‑squeeze, positioning $60,000 as a probable floor and setting the stage for higher highs ahead.

Read more: https://www.forbes.com/sites/digital-assets/2026/04/22/its-time-bitcoin-suddenly-braced-for-price-shock-after-surprise-blackrock-flip/

#ElonMusk #MichaelSaylor #BlackRock #FederalReserve #VetleLunde #DanTapiero

AI generated summary, Read the full article for complete information.