Will Bitcoin Dip to $78K? BlackRock’s $40M BTC Buy Raises Questions
The post Will Bitcoin Dip to $78K? BlackRock’s $40M BTC Buy Raises Questions appeared first on Coinpedia Fintech News
As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions.
BlackRock’s $40 Million Worth BTC Purchase
Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased $40 million worth of Bitcoin (BTC), as reported by the on-chain transactions tracker Arkham on X (formerly Twitter).
ARKHAM ALERT: BLACKROCK IS BUYING $40M $BTC
BLACKROCK IS BUYING.
FIDELITY IS BUYING.
ARK IS BUYING. pic.twitter.com/ToCMvCJM8b— Arkham (@arkham) March 18, 2025
ARKHAM ALERT: BLACKROCK IS BUYING $40M
This significant purchase by BlackRock is giving investors and long-term holders hope and further hinting that this could be an ideal buying opportunity or the best time to accumulate BTC, as the asset’s price has significantly fallen in recent days.
Arkham’s post also noted that BlackRock is not the only one capitalizing on the recent price drop, Fidelity and ARK Invest, two other giant asset managers, are also following suit by purchasing significant amounts of BTC.
Current Price Momentum
Despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently trading near $81,900 and has experienced a price drop of over 2% in the past 24 hours. However, during the same period, data shows a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.
Bitcoin (BTC) Technical Analysis and Upcoming Level
With the recent price drop, BTC has lost its crucial support from the inclined trendline it had maintained since March 11, 2025. Based on expert analysis and BTC’s price action, if the asset continues to trade below the $82,000 mark, there is a strong possibility it could drop by another 4.5%, reaching the $78,000 level in the near future.
This ongoing market uncertainty has pushed BTC below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.
