{"id":33296,"date":"2026-10-29T14:25:14","date_gmt":"2026-10-29T14:25:14","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/10\/29\/blackrock-ibit-276-million-bitcoin-bearish-trend\/"},"modified":"2026-10-29T14:25:19","modified_gmt":"2026-10-29T14:25:19","slug":"blackrock-ibit-276-million-bitcoin-bearish-trend","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/blackrock-ibit-276-million-bitcoin-bearish-trend\/","title":{"rendered":"BlackRock Injects $276M into IBIT: Can Bitcoin Break Its Bearish Trend?"},"content":{"rendered":"\n

BlackRock<\/strong> has just added 3,441.176 BTC<\/strong> to its IBIT<\/strong> ETF, equivalent to $276 million<\/strong>, sourced directly from Coinbase Prime<\/strong>. A powerful institutional signal \u2014 arriving at a time when Bitcoin<\/strong> is struggling to regain any sustained bullish momentum.<\/p>\n\n\n\n

This massive accumulation is unfolding against a backdrop of persistent selling pressure across the market. The question every trader is asking: is this level of inflow enough to reverse the trend?<\/p>\n\n\n\n

Here is a breakdown of the on-chain data and market structure to understand what this move truly means for BTC<\/strong>.<\/p>\n\n\n\n

3,441 BTC in a Single Move: BlackRock Shows No Signs of Slowing<\/h2>\n\n\n\n

The IBIT<\/strong> wallets belonging to BlackRock<\/strong> absorbed 3,441.176 BTC<\/strong> directly from Coinbase Prime<\/strong>, the institutional arm of the US-based exchange. This type of transfer \u2014 from Coinbase Prime<\/strong> to an ETF wallet \u2014 is a textbook signal of net institutional buying, with no ambiguity whatsoever about the direction of the flow.<\/p>\n\n\n\n

With $276 million<\/strong> deployed in a single operation, BlackRock<\/strong> reaffirms its position as the world’s leading institutional accumulator of Bitcoin<\/a><\/strong>. Since its launch in January 2024, IBIT<\/strong> has surpassed BlackRock’s gold ETFs in terms of assets under management in record time \u2014 a performance that speaks to the structural appetite institutions have for BTC<\/strong>.<\/p>\n\n\n\n

This flow is part of a broader dynamic: according to CoinGlass<\/strong> data, US spot Bitcoin ETFs<\/strong> have recorded positive net inflows across several consecutive sessions, suggesting that institutional demand remains robust despite volatility in the spot market.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Bitcoin Remains Under Pressure: The Technical Structure Doesn’t Lie<\/h2>\n\n\n\n

Despite the surge in institutional capital, Bitcoin’s price action<\/strong> remains constrained. BTC<\/strong> is trading below a key resistance level, unable to confirm a convincing breakout above the levels that define the short-term downtrend. The 50-day and 200-day moving averages<\/strong> are exerting visible downward pressure on the daily charts.<\/p>\n\n\n\n

CryptoQuant<\/strong> data shows that the Net Unrealized Profit\/Loss (NUPL)<\/strong> remains in a caution zone, indicating that many recent holders are still sitting on unrealized losses. This setup mechanically limits buying pressure from short-term holders, who are waiting for a clear reversal signal before adding to their positions.<\/p>\n\n\n\n

The derivatives market<\/a> is sending mixed signals: the funding rate<\/strong> on major perpetual exchanges remains slightly negative, reflecting a dominant bearish bias among leveraged traders. Until that sentiment shifts, IBIT<\/strong> inflows alone are not enough to trigger a sustained rally \u2014 they are absorbing selling pressure without necessarily reversing it.<\/p>\n\n\n\n

Institutional Accumulation vs. Retail Sentiment: Who Will Win?<\/h2>\n\n\n\n

The tension between the quiet accumulation of institutions and the hesitancy of retail participants is one of the most defining dynamics in today’s market. BlackRock<\/strong> is buying, but on-chain volume from smaller wallets remains stagnant. This divergence creates a solid support base without generating the momentum needed for a strong directional move.<\/p>\n\n\n\n

Historically, periods of intense institutional accumulation have preceded major bullish rotations \u2014 but the lag between accumulation and the actual rally trigger can stretch across several weeks. TradingView<\/strong> data indicates that BTC<\/strong> must decisively reclaim and close above its structural resistance levels<\/strong> to validate a credible trend change.<\/p>\n\n\n\n

A macroeconomic catalyst \u2014 a Fed<\/strong> decision, inflation data, or a global liquidity signal \u2014 remains the factor most likely to amplify the effect of institutional buying and turn this accumulation phase into a breakout. In the meantime, IBIT keeps buying, and the market keeps watching<\/a>.<\/p>\n\n\n\n

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