$298 mln Ethereum liquidated across 80K traders: Yet BlackRock keeps buying
Ethereum dropped 9%, but whales and institutions aggressively bought the dip.
BlackRock now holds 1.5M ETH, signaling long-term bullish sentiment.
Ethereum [ETH]’s market performance took a sharp hit on the 13th of June, plunging by 9% and liquidating $298 million across 80,000 traders.
BlackRock chooses Ethereum despite volatility
Despite these mixed signals, BlackRock, currently the largest asset manager globally with $73 billion in crypto exposure, has consistently bought Ethereum daily for over two weeks.
This follows BlackRock’s announcement about its goal to significantly expand influence across both public and private markets, with a plan to boost revenue from $20 billion in 2023 to over $35 billion by 2030.
If realized, this growth could further solidify BlackRock’s role in shaping institutional investment trends across traditional and crypto assets alike.
This pattern of strategic buying from deep-pocketed entities suggests a long-term outlook that sees current price levels as an opportunity rather than a risk.
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