Bitcoin Defends $90K: BlackRock Buys the Dip While Retail Panic Sells
BlackRock accumulates over $1B in dip-buying as Bitcoin tests psychological support at $90,000 amid geopolitical tension.
What's Happening:
Institutional Buying: BlackRock reportedly scooped up $1B+ in BTC/ETH over the last 72 hours.ETF Momentum: Morgan Stanley submits new filings for Bitcoin spot ETF products, signalling long-term conviction.Market Sentiment: Geopolitical risks in Latin America and Asia are driving short-term caution, pushing price down 2.8%.
Why It Matters:
The "Smart Money" divergence is widening. While fear drives retail to sell (-2.8% today), institutions like BlackRock are treating $90k as a discount zone. This validates the "store of value" thesis during global instability.
Technical View:
$BTC is fighting to hold the $90,000 floor. A break below opens the path to $88k liquidity. Reclaiming $92.5k is needed to flip momentum back to bullish.
🎯 Key Levels:
Support: $90,000 | Resistance: $94,20024h Range: $90,200 - $93,100
💡 "They panic, you plan. Institutions are building positions on your fear."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.