BlackRock Increases Bitcoin Holdings to 780,400 BTC, Signaling Potential Market Trend Reversal
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Institutional Confidence Boost: BlackRock's acquisition of 9,619 BTC over three days, valued at approximately $878 million, raises its total holdings to 780,400 BTC, indicating strong confidence in Bitcoin's long-term value and potentially guiding the market towards a reversal.
- Changing Market Dynamics: The Coin Days Destroyed metric has dropped to its lowest level since 2017, indicating reduced selling from long-term holders, which may alleviate downward pressure and create conditions for price recovery.
- Diverging Investor Behavior: While new investors continue to sell at losses, long-term holders maintain profitable positions and have significantly reduced transaction activity, suggesting a potential market bottom formation that could influence future price movements.
- Historical Patterns Resurface: The current Net Unrealized Profit/Loss metric hovering around 0.3 has historically marked transitions from bear to bull markets, and combined with BlackRock's accumulation, may signal an impending market recovery phase.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
