Bitcoin stable at $ 108,000 – Meanwhile, Blackrocks Ibit has over 700,000 BTC
- Blackrocks IBIT now holds over 700,000 BTC and thus 55 percent of the US Bitcoin ETF stocks.
- Bitcoin is steadily traded near $ 108,000, with the technical data indicating a possible outbreak.
Bitcoin is still being traded stable by $ 108,000 and has been in a close range for over 50 days. Blackrocks Ishares Bitcoin Trust (IBIT) has now accumulated more than 700,000 BTC and is the leading owner of the US Bitcoin ETFs.
Institutional investors accumulated Bitcoin again after a short sale in early July. While the price has been traded for over 50 days, the technical patterns indicate the potential for a significant outbreak, although the main resistance is still intact at $ 110,000.
Blackrocks Ibit dominates US bitcoin ETFs
Blackrocks Ishares Bitcoin ETF (IBIT) holds According to Apollo co-founder Thomas driver now 700,307 BTC worth around $ 75.5 billion. That is 55% of all Bitcoin that are kept in US bitcoin ETFs loudly Data by Bitbo.
Blackrock Buys 1388 Bitcoin
Now Holds 700,000 BTC
pic.twitter.com/RsQVEnqcqb
– Thomas driver (@thomas_fahrer) July 8, 2025
IBIT grew around 1,388 BTC on the last two trading sessions, according to Blackrocks website. Since its laying in January 2024, IBIT has achieved a return of 82.67 %. Analysts indicate that IBIT is now the Blackrock-owned iShares Core S&P 500 ETF exceeded has. Institutional demand is high, and $ 164.6 million flowed on Monday alone.
This is in line with the general market trends. Loud Galaxy Research American Bitcoin ETFs and Michael Saylors Strategy Inc-the largest BTC owner in corporate form-have bought more Bitcoin than miners in almost every month of 2025.
ETFs and Strategy have bought $ 28.22 billion this year, while the miners produced $ 7.85 billion. Only in February there were net purchases from these institutions that sold $ 842 million.
Bitcoin in a tight, but technical data show mixed signals
Bitcoin is currently traded between $ 100,169 and $ 110,000 without any noticeable movements in the past few days. As of July 8, 2025, the price is $ 108,387. Despite several attempts to break the $ 110,000 mark, the market remains in a trading range.
According to the Analyst Boris Vest have sold the dealers on Binance derivatives in the last 45 days at every price increase. The cumulative volume-Delta (CVD) remains negative, which indicates aggressive sales through market orders. However, Bitcoin has kept stable in the range from $ 107,000 to $ 109,000.
This indicates that the sales pressure is collected. Analysts believe that institutional buyers, probably via ETFs and OTC desks, support the price and increase Bitcoin during these burglaries.
Bitcoin shows a cup and handle pattern on the Monthly Charm. This is an interest bully structure that has dissolved upwards. The forecast movement from this pattern could drive BTC towards $ 160,000 to $ 170,000, based on the cup of $ 60,000.
The relative strength index (RSI) is 70.32 and thus in the overbought area, but still within a healthy range. The MACD histogram remains positive, with the MACD line lying above the signal line and expanding, which indicates a persistent dynamic.
Direct resistance is $ 109,700, with a critical barrier at $ 110,000. An outbreak above this level, especially with a strong volume, could open the door to $ 112,000 and possibly $ 137,000.
On the underside, important support levels are $ 107,000 and $ 105,400. A deeper setback could drop Bitcoin towards $ 102,000, especially if the sales are intensified or important support.
Institutional currents and ETF dynamics
The institutional mood is positive again. After the sales on July 1 within a few daysBitcoin Bought worth over $ 1 billion . The number of deposit addresses has dropped to 22,000, the lowest level since 2016, so that more BTC is moved to the cold storage.
The option markets reflect an optimistic outlook for the third quarter. The Singapore-based company QCP Capital reported increased activities in September call options for $ 130,000 on Deribit. Traders also hold the September call spreads of $ 115,000/$ 140,000what indicates upward development.
Bitcoin closed on July 6th at $ 109,216 and thus marked his first week of the week over $ 109,000 after having previously failed three times on this brand. This course of the course triggered a re -interest in interest, although the volume remains a decisive lack of a factor for a decisive outbreak of $ 110,000.
In the meantime, regulatory changes could continue to ETF inflows affect. Reports plant The US stock exchange supervisory authority (Sec) to simplify the approval process for crypto ETFs, so that only a form S-1 has to be submitted and a waiting time of 75 days applies.
If the ETF is not contested, it can be noted directly on the stock exchange. How Cryptoneewsflash at the beginning of this month reportedthe Rex-Osprey Solana and Staking ETF became the first US ETF, which offers a commitment to stacked Sol-token and Staking rewards.
The market observers are now focusing on the upcoming macroeconomic events. The publication of the US Federal Reserve’s protocol on Wednesday and the extension of the 90-day customs break until August 1 could influence short-term volatility.
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