Analyst: BlackRock purchased 11,500 bitcoins during the bitcoin downturn, potentially triggering supply tightening

According to Invest answers analysis, BlackRock purchased 11,500 bitcoins in its most recent decline since the launch of its bitcoin ETF. Considering that only 900 bitcoins are issued per day, this quantity is quite substantial. BlackRock's purchase volume actually represents a participant absorbing approximately 13 days' worth of bitcoin production.

Furthermore, Invest answers indicates that the average trading volume of IBIT Spot ETF within two days is only 25%, so it can be assumed that 46,000 bitcoins were taken away within two days (GBTC has an impact on this). If this pace continues, we may face severe supply shortages.