BlackRock says Bitcoin’s role is evolving, calls 1%-2% portfolio allocation appropriate
first published 2026-06-24T06:28:50Z
CryptoQuant data shows long-term Bitcoin holders have sharply cut back selling, with the 90-day average of coins spent falling to 962 BTC, the lowest since late 2024. Analysts say reduced OG selling pressure, combined with slower spot ETF outflows, could help form a structural floor near current Bitcoin prices around $63,000.
AI Analysis
The summary says long-term holders have reduced selling to the lowest level since late 2024, and analysts believe this may help establish a floor near current prices. That is a constructive short-term signal for Bitcoin and could influence trading sentiment.
Expected Investor Sentiment: Neutral
Potential Market Impact: High
Source Articles
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- Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate - Bitcoin.com
