Bitcoin, BlackRock Quietly Accumulating... New Market Phase Near Amid Institutional Buying

▲ Bitcoin (BTC)/AI-generated image

Bitcoin (BTC) is seeking a technical rebound toward $72,000 while balancing on the two-edged sword of aggressive institutional accumulation and regulatory uncertainty, signaling the potential entry into a new market phase led by whales.

In an interview on February 14 (local time) with crypto-focused YouTube channel Paul Barron Network, Tim Warren, host of the cryptocurrency podcast Investing Bros, stated, “Major capital led by BlackRock is taking advantage of the downturn to accumulate Bitcoin,” diagnosing that “market leadership is rapidly shifting from retail investors to institutions.” Warren emphasized that despite temporary exchange disruptions, institutional on-chain activity is becoming even more active and should be interpreted as a sign of a long-term market bottom forming.

Delays in the U.S. Senate’s budget processing are slowing the legislative progress of the CLARITY Act, a bill aimed at establishing a market structure for cryptocurrencies in the United States. Warren analyzed that while political uncertainty is weighing on the market at a time when passage of the bill holds the key to the next bull run, major players continue behind-the-scenes efforts to secure favorable price levels. In this process, market volatility is expected to expand further, and until regulatory guidelines become clear, a tense standoff among dominant forces is likely to persist.

From a technical perspective, Bitcoin is currently breaking out of a falling wedge pattern and moving toward a short-term target near $72,000. However, under Elliott Wave theory, if the current rebound corresponds to Wave 4, failure to surpass $80,000 could open the possibility of a further decline in Wave 5, potentially pushing prices down to $53,000. Ethereum (ETH) is also struggling around the $2,000 level and must reclaim the $2,100 and $2,300 resistance levels sequentially to achieve a stable transition into a bullish phase.

Major altcoins such as Chainlink (LINK) and Solana (SOL) are establishing their own domains through tangible value propositions and ecosystem expansion. Chainlink, which has partnered with Robinhood, is positioning itself as core infrastructure in the real-world asset tokenization market and is being recognized for its long-term growth potential. Solana has also unveiled an innovative financial model allowing institutional investors to secure loans using staked SOL as collateral, attracting institutional capital. However, short-term bearish pressure synchronized with Bitcoin’s price movement remains in place.

The rise of decentralized exchanges like Hyperliquid (HYPE), which are threatening Coinbase in terms of profitability, demonstrates that revenue models in the digital asset market are becoming increasingly sophisticated. As institutions prefer managing on-chain assets within regulatory guidelines, there is also active movement to restructure decentralized autonomous organization revenue models, including AAVE’s introduction of a new governance framework. Although investor sentiment is improving as Bitcoin regains the $70,000 level, cautious 대응 remains necessary in preparation for volatility until substantial large-scale capital inflows are confirmed.

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