BlackRock just dropped $600 million on Bitcoin in a single week signaling confident in Bitcoin price prediction.
Bitcoin spot ETFs pulled in $767 million in net inflows from March 9 to March 13, marking the first unbroken 5-day inflow streak for BTC ETFs in all of 2026 according to SosoValue data.
BlackRock’s IBIT accounted for $600.1 million of that total, absorbing more than 78% of all net BTC inflows across every product in the market. Grayscale’s GBTC was the only meaningful seller, posting $25.9 million in outflows over the same period.
IBIT alone is already sitting on over $55 billion in assets. Adding $600 million in a week while the broader market is still shaking off a January sell-off is a statement.
ETH ETFs joined the trend with $160.9 million in net inflows, led by Fidelity’s FETH at $90.1 million, with Grayscale’s ETHE again the biggest seller at $13.4 million.
The one outlier in the whole picture was XRP. While BTC, ETH, and SOL products all saw capital flow in, XRP spot ETFs recorded $28.07 million in net outflows for the week, making it the only major crypto ETF category in the red.
Bitcoin Price Prediction: Is Explosive Rally Coming?
BTC is sitting at $73,500 pressing right up against the upper trendline of a rising wedge. And this is the exact level that rejected price every single time it got here over the past 6 weeks.
That history is why the market is so split right now. A lot of traders are looking at this pump and doing exactly what worked the last 3 or 4 times. They are shorting the rejection, expecting the same outcome, expecting price to bleed back toward $64,000 or lower.
But that is actually what makes this moment more dangerous for the bears than it looks. When everyone is positioned the same way and price does not roll over, the unwind gets violent.
The short squeeze setup that was building last week with negative funding rates has not gone away. Actually, it has just gotten more loaded with every failed breakdown attempt.
A clean break and hold above this upper channel trendline and $75,000 would be the trigger that forces those shorts to close in a hurry, and closing a short means buying, which pushes price higher, which forces more shorts to close.
If that rally continues, $80,000 is the first real target, then $84,000, and the full $90,000 level as the target.
$64,000 and $60,000 are both clearly marked as the floors if this rejection plays out like the previous ones.
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